We have now managed to acquire bases all over the world—islands as distant as the Australian Archipelago which President Roosevelt seized in 1938 wit… - John T. Flynn

That was a perfect description of Europe in the years immediately preceding and following the First World War. And out of these vexations and dislocations came Communism in one place, fascism in others and social-democracies, so-called, in others, which were really societies one-fourth socialist, three-fourths capitalist, administered by socialist ministries winding the chains of bureaucratic planning around the strong limbs of private enterprise.

These two baleful mistakes gave Franklin Roosevelt a power which he used ruthlessly. He used it to break down the power of the states and to move that power to Washington and to break down the power of Congress and concentrate it in the hands of the executive. The end of these two betrayals—the smashing of our economic system and the twisting of our political system—can only be the Planned Economic State, which, either in the form of Communism or Fascism, dominates the entire continent of Europe today. The capitalist system cannot live under these conditions. Free representative government cannot survive a Planned Economy. Such an economy can be managed only by a dictatorial government capable of enforcing the directives it issues. The only result of our present system—unless we reverse the drift—must be the gradual extension of the fascist sector and the gradual disappearance of the system of free enterprise under a free representative government.

When the fountains of government abundance began to dry up, when through lack of funds and the impossibility of negotiating fresh loans the state was forced to check the extension of bureaucracy and to put a stop to [Public works |public works]], then and then only did the Italians realize what it meant to have allowed themselves to be made one of the most heavily taxed nations in the world.