It is becoming increasingly certain that the attempted transformation of Capitalism into Collectivism is resulting not in Collectivism at all, but in some third thing which the Collectivist never dreamt of, or the Capitalist either; and that third thing is the SERVILE State: a State, that is, in which the mass of men shall be constrained by law to labor to the profit of a minority, but, as the price of such constraint, shall enjoy a security which the old Capitalism did not give them.
