News: U.S.F.S.R. Monday, Jun. 14, 1943 U.S.F.S.R. In London 60 years ago, when he was red-bearded and in his 20s, George Bernard Shaw joined the newly founded Fabian Society.† It was a socialist group, ambitious to reconstruct "society in accordance with the highest moral possibilities. " The Fabians rejected the Marxian doctrine that socialism must be preceded by revolution. They believed in "gradualism," holding that the socialist principle was partially embodied in most governments and capable of extension through existing political parties. Last week, a bit nostalgically, with the old flashing wit, venerable G.B.S. relived those early days—and almost forgot that he was reviewing G. D. H. Cole's Fabian Socialism for the London Tribune: "This Fabian Society seemed just what I wanted. . . . We began by imposing on the Liberal Party ... a socialist program. . . . We . . . founded the London School of Economics, which has produced Beveridge; added The New Statesman to the weekly press; established an independent labour party. . . . "In the course of nature, we young upstarts became an Old Gang. ... Of the seven Fabian essayists of the '80s the only survivors are [Sidney] Webb and myself, both octogenarians. ... Be patient with us: we shall not be long now. . . ." Read more: Foreign News: U.S.F.S.R. - TIME The Fabian Society had really been founded 62 years ago, but, because of the war, it delayed the celebration. The postponement was in character; Fabius Cunctator (The Delayer) had worn out Hannibal in the Second Punic War* by what Livy called "masterly inactivity." The earnest young men & women of the 1880s who believed that socialism (not the Marxist brand) would come with what Webb called the "inevitability of gradualness" took Fabius as their exemplar. They considered violent revolution unnecessary, believed their Utopia could be achieved by "permeating" existing institutions. Read more: Foreign News: Easy Does It - TIME Will a national debt of $300,000,000,000 bankrupt the U.S.? Where will the money to finance postwar full employment come from? How can jobs be found for 12,000,000 returning soldiers & sailors? Last week, The Twentieth Century Fund ***published Stuart Chase's brightly written answers under the title Where's the Money Coming From? ($1). Read more: FISCAL: Compensatory and Mr. Chase - TIME Fabian Society - Wikipedia, the free encyclopedia ***The Century Foundation So who are todays Fabian society ?