War by Profits

When War becomes a nation's No. 1 business, any Government would like to abolish the profit system and take over the whole country. Next to Soviet Russia, Fascist nations are best equipped to do so. Last week Dictator Benito Mussolini broadly hinted that when "the eventual war" comes, Italy will do what Fascist theorists have long predicted. He posed the old issue: "Must the eventual war be financed by either loans or taxes?" and dodged a specific answer by declaring: "It is resolved, but I do not wish to say how."

From these cryptic words, Fascist theorists last week deduced that on the day Italy declares war, Mussolini will begin state capitalism, take over all industrial, commercial, agricultural and transport activities. Both employers and workers will be paid fixed salaries in scrip or ration cards. The profits, estimated at 100 billion lire ($8,600,000,000) a year, will go to the Government. Not loans, not taxes, but business profits, will thus finance Italy's next war.

This file is automatically generated by a robot program, so reader's discretion is required.