“We are facing another social situation,” he said, “which we should be keenly alive to, a situation which is going to come at the close of the war, a `social renaissance’ of the whole world. Call it socialism, social revolution, bolshevism, or what you will, it is a levelling process, and means that the workman without property, who labors with his hands, is going to be the man who will dominate the world. It is going to be a great hardship to the owners of property, but like all revolutionary movements, it will probably work good. The sooner we realize this, the better it will he for America.”
–Charles M. Schwab, 1918. Qtd. in The Liberator March 1918.