documentHTML: Digest of a speech by Mr. Leonard E. Read,
President of the Founda ~on For Economic
Education, before a meeting of the Peoria
Manufacturers' Association, September 27, 1949
The basic real problem facing us in the world today is the great
contest going on between two basically opposed philosophies,
Collectivism and Individualism. Collectivism is called: Commun
ism in Russia; Nazism in Germany; Facism in Italy; State Inter
ventionism in France; Fabianism in England; Socialism, New Dea...