present or early demand for commodities, too large a share to owners who would try to save too much of it. If, as is likely, I have committed myself to a tedious reiteration of this thesis, I can only plead that its acceptance and embodiment in a public policy of equitable distribution still appears to me the only way of escaping a revolutionary conflict of classes and of nations. How far that equity of distribution requires recourse to socialism, communism, and other modes of State planning must depend in large measure upon the current economic structure of each nation, and its capacity of skilled, honest, and humane regulation of the economic resources in the standardized industries which satisfy the ordinary economic needs of its members.
