Funny review, Greg Homer. It's almost too bad it isn't true. Politically, the author was a Republican of the old school. If he had had any axe to grind, it would have been *against* Socialism, not for it.
Actually, it's a nice little, naturalistic sort of tale for children, much in the style of Thornton Burgess' books. Not only could I not find any propaganda, I couldn't find much in the way of a moral, either. But it's still rather enjoyable.
Unlike most of Lovecraft's stories, this is less horror than it is an adventure of dark fantasy. You might call it a nightmare, but it really does have a plot--a quest--and a certain internal consistency that holds it all together. My only real complaint is that it is all too short--you're left wanting to go back and explore more of this dark dreamscape.
This is not the classic book by Lewis Carroll that you're looking for. This is a rewrite by JC Gorham, the story re-told in words of one syllable. Look for "Alice's Adventures in Wonderland" instead. That's the one you want.
Not a great read, but still an important book, considering the history of the 20th century. Especially disturbing are his 10 items for changing countries to communism, most of which have indeed been put into practice in almost all Western-style social democracies. Items like progressive taxation and public education, for example.