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All over the world democracy as we have come to know it seems to be either in desuetude or in disrepute. Even in the United States, while all the outward forms of democracy have been retained, Congress since the beginning of the Roosevelt Administration has acted as a mere rubber stamp for the President. Germany has joined the growing group of nations ruled by outright dictators. The world has been losing its faith in the virtues of parliamentary discussion and criticism. There are two chief popular complaints against such discussion: first, that you cannot “get things done” under it; and second, that the things you do get done are the wrong things. Fascism and communism, the two alternatives to which the world has been turning, have, like all polar antitheses, one point of identity: both are dictatorships, with the difference that fascism is dictatorship in the interests of the plutocracy and that communism is dictatorship in the interests of the proletariat.
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Henry Hazlitt (1894–1993) was a well-known journalist who wrote on economic affairs for the New York Times, the Wall Street Journal, and Newsweek, among many other publications. He is perhaps best known as the author of the classic, Economics in One Lesson (1946).
The John Day Company, 1933