The presence in our body politic of such a party is the only means by which democracy can be saved from its present moral chaos, from the tyranny of entrenched interests, from the insolence of a predatory officeholding party system, and from the peril of a fascist dictatorship of big business, on the one hand, or of
a communist dictatorship of the proletariat, on the other [December 31, 1932].