Following the rise of the Labour Party it seemed reasonable, in 1927, to expect, or at least hope, that co-operation for the common good might gradually replace the competitiveness of capitalism.
Explore more quotes
America traditionally represents the greatest possibility of someone's going from nothing to something. Why? In theory, if not practice, the government stays out of the way and lets individuals take risks and reap rewards or accept the consequences of failure. We call this capitalism - or, at least, we used to.