By William Joyce

This booklet was written during during his time in the British Union of Fascists. We herewith reprint a few lines from the opening page:

No time could be more suitable than the present for an examination and exposure and annihilation of Marxist theory. There is now little tendency to dispute the fact that the great issue confronting the modern world is the struggle between Fascism and Communism or as some may prefer to describe it, the conflict between National Socialism and International Socialism.

In defining the limits of this contest we must, even though parenthetically, observe that Bolshevism or International Socialism enjoys the support of international finance which in its general character is Jewish. The international dictators regard the principle of internationalism as incomparably more important than any .theory concerning the distribution of wealth; for they are well aware that international movements can make no progress whatever without the capital which they are in a position to supply, and they have learned through experience which is long, though possibly not fallacious, that wherever they assist they lay down conditions and control developments.

This apparent digression is made only because the reader would gain a very false conception of the world situation if he were to assume that Communism, Bolshevism or Socialism were workers’ movements. Workers, it is true, belong to the movement in each case; but the movement belongs to the international plutocrats who provide it with the sinews of war.

The next consideration to be borne in mind is that Marxism, and Marxism alone, represents the effective element in Socialist propaganda. The ordinary Socialist Member of Parliament may be, and in fact, is quite unable to inform his constituents whether or not he approves of general nationalisation, much less can he explain whether, in the event of nationalisation, should or should not, compensation be given. Least of all can he defend his position if he approves of compensation, and therefore restores with the left hand the private property which he expropriates with the right. Some lofty Laski, enshrined in the comfort which only the workers know how to provide, may declare that Marxist theory has not stood the test of time; he is either unheard by the masses or else honoured for daring to display an independence of outlook which costs nothing. The fact is that if Socialism in any of its two hundred and fifty four definitions means anything to the masses of the people, it must mean the elimination of private property with any degree of expropriation that may be necessary to that end.