The fascist powers are expanding and are situated so that with their subordinates, they can control the world. And the purpose of their military expansion is to exclude certain nations from the markets of the world. Even for the "self sufficient" United States, this means that the standard of living must go down--drastically and for ever. The policy is not entirely new. It develops from tariff barriers and subsidies; we have suffered from it at the hands of our best friends--under the Stevenson Act regulating rubber prices, for instance; we have profited by it, as when we refused to sell helium to Germany or when our tariff laws kept Britain and France out of our markets, so that they never were able to pay their war debts. This means only that we have been living in a capitalist world and have defended ourselves against other capitalists, as well as we could. _Revolution in Reverse_ The new thing under nazi-fascism is the destruction of private business, buying and selling. As trade is the basic activity of our time, nazi-fascism is revolutionary; it is also reactionary; and there is nothing in the world more dangerous than a reactionary revolution. The Communist revolution was radical and whoever had any stake in the world--a house, a car, a job--shied away from the uncertainty of the future. But the reactionary revolution of Mussolini and Hitler instantly captivated the rich and well-born; to them, fascism was not a mere protection against the Reds, it was a positive return to the days of absolute authority; it was the annihilation of a hundred and fifty years of Democracy, it blotted out the French and American Revolutions, it erased the names of Napoleon and Garibaldi from Continental European history, leaving the name of Metternich all the more splendid in its isolation. The manufacturers of motor cars and munitions were terrified of Reds in the factories; the great bankers and landowners looked beyond the momentary danger, and they embraced fascism because they hoped it would destroy the power let loose by the World War--which was first political and then economic democracy. This was, in theory, correct; fascism meant to destroy democracy, but it had to destroy capitalism with it. The idiots who ran the financial and industrial world in the 1920's proved their incompetence by the end of 1929; but their frivolous and irresponsible minds were exposed years earlier when they began to support the power which by its own confessed character had to destroy them. It is a pleasant irony that ten minutes with Karl Marx or Lenin or with a parlor pink could have shown the great tycoons that they were committing suicide. Only an enemy can really appreciate Karl Marx. The faithful have to concentrate on the future coming of the Communists' Millenium; but the sceptic can admire the cool analysis of the past by which Marx arrived at his criticism of the Capitalist System. In that analysis Marx simplifies history so: