Socialist Profiteers

Socialism would never get out of the books and off the soap box if someone did not see an easy dollar for himself in it. However, the socialist profiteers are not as a rule the scatterbrained idealists dreaming of a classless Utopia, but blatherskites who proclaim their dedication to democracy while feathering their own nests.

An instance is furnished by the Rural Electrification Act of 1936. The purpose of this law—one of the gems in the New Deal diadem—was to bring electricity to sparsely settled rural districts. Myopic private power companies could not see an immediate return to compensate for the cost of installing distribution systems in these areas, but the farmers were demanding the conveniences that electric power would bring them.

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Frank Chodorov

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Socialism would never get out of the books and off the soap box if someone did not see an easy dollar for himself in it. However, the socialist profiteers are not as a rule the scatterbrained idealists dreaming of a classless Utopia, but blatherskites who proclaim their dedication to democracy while feathering their own nests.

An instance is furnished by the Rural Electrification Act of 1936. The purpose of this law—one of the gems in the New Deal diadem—was to bring electricity to sparsely settled rural districts. Myopic private power companies could not see an immediate return to compensate for the cost of installing distribution systems in these areas, but the farmers were demanding the conveniences that electric power would bring them.