Abstract

The Crisis of the Middle Class: III. The Middle Class Under Socialism
Corey, Lewis | August 28, 1935 issue

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A tragic contrast torments the world. It is the contrast between capitalist decline and decay, with its menace of fascist barbarism, and the economic and cultural promise of a liberated collectivism which provides all the elements of socialism. One element of socialism is the capacity of industry to produce abundance. It is wholly possible, on the basis of existing American economic resources, not only to abolish poverty but to make plenty available to all. There are efficient means of production.

See Also:

MIDDLE class; SOCIALISM; COLLECTIVISM; INDUSTRIAL productivity; NATURAL resources; UNITED States
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