I read with interest E. Vance Clark's letter giving Banker Childs' childish illustration and over-simplified definitions of socialism, communism, fascism and New Dealism. I, too, have been regularly receiving the reactionary propaganda letters circulated by his banking firm. To me they reveal an amazing lack of understanding of current conditions and needs. . . .
Our top-flight industrial and financial tycoons would be more useful citizens . . . if they could but be persuaded to take a course of study in political economy and the various current social theories. . . .
For a beginner like Childs, I would recommend, at first,...