Paced by Britain's triumphant Labor Party, socialism the world over rose to a high-water mark in the immediate postwar years. An ebb has now set in.
In NEW ZEALAND last November, after 14 years of power, the socialist Labor Party lost at the polls, turned over the government to the free-enterprising National Party.
In AUSTRALIA last December, after eight years of power, the socialist Labor Party also went down in elections before resurgent conservatives.
In ITALY of 1946, the Socialists ranked as the second largest party. Today they are ineffectual and split three ways.
In GERMANY last August, the Social Democrats (before Hitler, Germany's largest...
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