This most dangerous enemy is the American counterpart of the British Fabian Socialist, who denies that he is a Socialist and operates behind a mask which he calls National Planning.

At the end of all this, Russia held in her hands a vast belt of land running from the Baltic sea in the north to the Black Sea in the south, comprising eleven nations with a population of 100 million people.

The NRA provided that in America each industry should be organized into a federally supervised trade association. It was not called a corporative. It was called a Code Authority.

The enemy aggressor is always pursuing a course of larceny, murder, rapine, and barbarism. We are always moving forward with high mission, a destiny imposed by the deity to regenerate our victims while incidentally capturing their markets, to civilize savage and senile and paranoidal peoples while blundering accidentally into their oil wells or metal mines.

These code authorities could regulate production, quantities, qualities, prices, distribution methods, etc., under the supervision of the NRA. This was fascism.

The line between fascism and Fabian socialism is very thin. Fabian socialism is the dream. Fascism is Fabian socialism plus the inevitable dictator.

All that is needed to set us definitely on the road to a Fascist society is war. It will of course be a modified form of Fascism at first.