12 JANUARY 1940, Page 22

AN AMERICAN VIEWPOINT OF THE PRESENT POLITICAL SET-UP.

1. Socialism.

You have two cows; you give one to your neighbour.

2. Communism.

You have two cows ; you give both to the Government ; the Government gives you the milk.

3. Fascism.

You have two cows ; you keep the cows and give the milk to the Government ; the Government sells part of it back to you.

4. Nazism.

You have two cows ; the Government shoots you and takes both cows.

5. New-Dealism.

You have two cows; the Government shoots one; milks the other and pours the milk down the sewer.

6. Capitalism.

You have two cows ; you sell one and buy a bull.