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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!