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" 'Colonel Buckley,' I said, 'you British believe in capital; we believe in capitalism. . . . With us the initiative of the individual comes first; and capital . . . comes second. You put capital and security of income first. You are astonished because a large Liverpool company can develop in 80 years from £50,000; we would be astonished if a large Chicago company had that much capital 80 years ago or even existed at all.' "
Where is all this monopoly-and-security-mindedness driving British business? Benton reported: "British labor leaders . . . are not opposed to monopoly. In fact, they join up with business leaders to entrench monopoly. Many of them state frankly that when the time comes to nationalize industry, it will be easier for the Government to take over big business."