US Presidency
1961

The United Kingdom, faced with even more serious problems in her efforts to achieve both higher growth and reasonable balance of payments, is moving with boldness, welcoming, in the Prime Minister's words, the brisk shower of competition. We can not do less. For if the nations of the West can weld together on these problems a common program of action as extraordinary in economic history as NATO was unprecedented in military history, the long range Communist aim of dividing and encircling us all is doomed to failure. In every sense of the word, therefore, Capitalism is on trial as we debate these issues. For many years in many lands, we have boasted of the virtues of the marketplace under free competitive enterprise, of America's ability to compete and sell, of the vitality of our system in keeping abreast with the times.