"In a situation of deepening misery, when a great population becomes restless and anxious for change, the door is open not only to struggles against the capitalists who are responsible for their sufferings, but also to a mobilization of the masses against their own interests, and in the interests of the most predatory section of the capitalist class. this is the danger that we face in the United States today. It would be foolish to think that the monopolists and bankers in the Liberty League, with their tremendous resources, cannot win a mass following for fascism. Already reaction has produced a whole series of semi-fascist demagogues , and has even, in fear of its own creation, assassinated one of them. These demagogues make the wildest promises to the toilers and by playing on their discontent hope to rally them behind the black banner of reaction. To underestimate this grave danger is to commit a crime against all toilers, since it would mean failing to warn and organize them against the fascist menace which would destroy their living standards, their civil liberties, and all their organizations - economic, social and cultural, which would, in short throw humanity back into the dark ages."