Quotation of the Day…

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… is from page 168 of the original edition of Walter Lippmann’s sometimes deeply flawed but profoundly insightful and important 1937 book, The Good Society:

The movement of the left is socialistic and tends logically toward communism. The movement of the right, composed of men of property in alliance with statesmen and soldiers, operates through economic nationalism, preëmptive imperialism, corporate monopoly, and becomes in its extreme and desperate form what is now called fascism. Though these two movements wage a desperate class struggle, they are, with reference to the great industrial revolution of the modern age, two forms of reaction and counter-revolution. For, in the last analysis, these two collectivist movements are efforts to resist, by various kinds of coercion, the consequences of the increasing division of labor.