One of the first facts we must face when we discuss the United Nations is that its members are in no sense united. The United Nations is not an instr… - John T. Flynn

So that we find the Reconstruction Finance Corporation (RFC), one government bureau, borrowing money from the banks and appropriating to other government bureaus. Of course this practice brings to an end the ‘power of the purse’ by which parliaments in free democracies control executives. And so you find these bureaus supplying one another with money as part of this new system of eliminating Congress from its historic role of controlling the purse strings.

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.

Mr. Chase does not say so and perhaps would not agree, but what they add up to is British Fabian Socialism and American National Socialist Planning, which are precisely the same under different names. The most extensive care is observed to get away from the word ‘socialism.’ This is the advice George Bernard Shaw gave the English. He admitted the English could not nationalize everything. He believed it more likely that nationalization would become the rule and private enterprise the exception. And he urged that we stop talking nonsense about socialism and set to work to nationalizing various things and make an end of insisting on what it shall be called.