Labor, of course, subjected industry to its controls through organized pressure. In Germany, as in Italy, labor and socialism were closely intertwine… - John T. Flynn

This was a plan (NRA and AAA) to take the whole industrial and agricultural life of the country under the wing of the government, organize it into vast farm and industrial cartels, as they were called in Germany, corporatives as they were called in Italy, and operate business and the farms under plans made and carried out under the super-vision of the government. This is the complete negation of liberalism. It is, in fact, the essence of fascism. Fascism goes only one step further and insists, logically, that this cannot be done by a democratic government; that it can be done successfully only under a totalitarian regime.

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.

We're going to talk about billions and we might just as well know what a billion is. To begin with, it's a lot of money… If you were to save a dollar a day every day and had been doing this every day since Adam was created in the Garden of Edin, you wouldn't have a billion dollars. In fact, to have a billion dollars you would have had to start saving 2,735,726 years before Adam was born.