Prophet of Gloom

No boom, a depression.

19,000,000 unemployed.

Big business getting bigger; small businesses shrinking, some businesses dying off entirely.

No income-tax relief for the plain citizen; considerable tax relief for big business, which will be ineffective in warding off a collapse.

Labor, especially the C.I.O. in full retreat.

"Greater political discussion, more pressure groups, more government by bloc."

Dangerous cleavages between ex-servicemen and civilians, white and black, Jew and gentile, business and labor.

"War will be difficult to prevent for more than a generation. In some...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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