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Excerpt from The Socialism of New ZealandNeither is this growing State Socialism an isolated thing, peculiar to any one country or section of the world. It is impossible to point to any one place and say, There we have State Socialism, or There we have pure Capi talism, or There we have pure Socialism, for no one place is so constituted as not to have elements of all three conditions in it. The fact to be grasped is that this economic phenomen...

Excerpt from The Socialism of New Zealand Neither is this growing State Socialism an isolated thing, peculiar to any one country or section of the world. It is impossible to point to any one place and say, There we have State Socialism, or There we have pure Capi talism, or There we have pure Socialism, for no one place is so constituted as not to have elements of all three conditions in it. The fact to be grasped is that this economic phenom...

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