Socialism is modern day slavery.
Yes, it is. Debt slavery on us and future generations. It gets worse...
6. But the grand nostrum will be a public debt…
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game.
10. “Divide and govern”
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
http://www.constitution.org/cmt/freneau/republic2monarchy.htm