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The Bills Amassed Under Socialism

Who Pays?

from The Literary Digest, 1894

Appearing in an 1894 issue of a popular American news magazine was this editorial that sought to expose the optimistic hallucinations behind socialism:

"The notion that there is a reservoir of wealth somewhere, either in possession of the Government or the rich, that might be made to diffuse plenty through a smiling land, is a delusion which nearly all the writings of ethical economists tend to spread, and it is probably the most mischievous delusion which has ever taken hold on the popular mind."

     

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Socialism: A Financial Fantasy (The Literary Digest, 1894)

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