Middle-of-the-road economics with a slight lean to the right, as economist Ballinger issues solemn warning that American...

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BY VOTE OF THE PEOPLE

Middle-of-the-road economics with a slight lean to the right, as economist Ballinger issues solemn warning that American democracy is on the wane, and her capitalistic economy, the co-existent of democracy, can only be saved from the cancer of concentrated wealth through domestic reform. The author views economic-political history with a brilliant, learned perspective; he sees the world's great democracies, ancient and modern, as having progressed from prosperous capitalism and free government, to concentration of wealth, to under-production and poverty, to public spending and relief, inevitably to tyranny by vote of the people. In support of this thesis are the histories of Athens, Rome, Venice, Florence, France, England, Germany, Italy, and in each, the author shows how concentrated wealth supplied means and incentive to destruction of free government. Ballinger, a disciple of Adam Smith, deplores Wallace's plan, sees public spending as a prelude to authoritarianism, and sketches a program for reform of our capitalistic system by dissolving private monopolies and all restraints to free competition.

Pub Date: Oct. 1, 1946

ISBN: N/A

Page Count: -

Publisher: Scribner

Review Posted Online: N/A

Kirkus Reviews Issue: Oct. 1, 1946