Socialists propose to supplant the competitive planning of capitalism with a highly centralized planned economy. Our aim is frankly international and not narrowly patriotic (Daughters of the American Revolution please notice), but I cannot here discuss socialism’s international policies.
If we gained control of the American Government, we would probably begin with a complete revision of the national governmental system. We would do one of two things. We would write an amendment to the Constitution giving the Federal Government the right to regulate all private business and to enter into any business which it deemed proper, or we would abolish the Constitution altogether and give the National Congress the power to interpret the people’s will subject only to certain general principles of free speech and free assemblage.
—Paul Blanshard “Socialist and Capitalist Planning” The Annals of the American Academy of Political and Social Science, July 1932
supplant - vocabulary
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