GOVERNMENT & SOCIALISM
Contending, in reply to a letter signed by "Ajax" in Friday's "Post," that the present Labour Government is not socialistic, Mr. John Payne, in a lengthy letter, summarised, declares that it is deluding the people to call the present Government socialistic. Private capital, private property, and private enterprise, the very essence of Capitalism, he says, are, under the Labour Government, expanding more rapidly-than they did under the last Government. Acts passed .by the Labour Government to strengthen the weak spots in Capitalism are not Socialism. An Act passed by the Home Government to tax excess profits was hailed, says the writer, as "brilliant Socialism." It was not so. Capitalism does not stop or cannot check high profits; so the Government must tax them. Finally he adds: I think it would be far better for the country as a whole to get behind the present Government and give'them all the assistance they can to overcome these difficulties in the capitalistic system which they are trying to iron out instead of bleating about Socialism, which is as far away today as ever it was.
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Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 10
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184GOVERNMENT & SOCIALISM Evening Post, Volume CXXIII, Issue 104, 4 May 1937, Page 10
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