Norman Thomas Quotes
Indeed, it is unnecessary to do more than point out that the worst danger of cataclysm in a capitalist society is the danger of war arising out of imperialism born of the union of capitalism and nationalism.
Classic socialism thought that war was the greatest danger of capitalism. However in the 21st century the consensus was that the great capitalistic danger was failure and collapse of the ley capitalistic institutions like banks in a globalized world such as the 2008 Great Recession.
Norman Thomas, 1884-1968, Director, League for Industrial Democracy, Socialist Party candidate for President, Why I am a socialist?, 1932
Sourced by: Eigen's Political and Historical Quotations
Norman Mattoon Thomas was an American Presbyterian minister who achieved fame as a socialist, pacifist, and six-time presidential candidate for the Socialist Party of America.