"Socialism and communism both imply 'public
(or communal) ownership of the means of
production, distribution and exchange', and,
in the light of Russian and British experience,
whatever may be the outward form, this means
in practice state control." From: The Socialist
Tragedy by Ivor Thomas, M.P., 1951, page 24.
A promotion piece of the
Foundation for Economic Education,
Irvington-on-Hudson, New York.
THE FOUNDATION FOR