No boom, a depression.
Big business getting bigger; small businesses shrinking, some businesses dying off entirely.
No income-tax relief for the plain citizen; considerable tax relief for big business, which will be ineffective in warding off a collapse.
Labor, especially the C.I.O. in full retreat.
"Greater political discussion, more pressure groups, more government by bloc."
Dangerous cleavages between ex-servicemen and civilians, white and black, Jew and gentile, business and labor.
"War will be difficult to prevent for more than a generation. In some...