Readers of the serious, scholarly London Economist were nonplused. There was always a tinge of abstruse mysticism mixed with high idealism in the speeches of U.S. Vice President Henry Agard Wallace. But what did he mean when he said: "Millions of Americans are now coming to see that if Pan-America and the British Commonwealth are the wasp of the new democracy, then the peoples of Russia and Asia are the wolf"?

Last week other sections of the press gleefully pointed out that the Economist's typesetter could not, or would not, tell a wasp from a warp or a wolf from...

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