National Affairs: Success & Successor

"In our rational and sophisticated age, the devil and hell have become very complicated. The true faith is capitalism. Its priests are lawyers and economists. The devil consists of an abstract man called a demagogue." Last year's defeat of Supreme Court reorganization constituted "a way of taking away from a great popular majority the fruits of their recent victory at the polls." The effect of anti-trust laws has been "to promote the growth of great industrial organizations by deflecting the attack on them into purely moral and ceremonial channels."

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