The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-09-12

Every day that goes by il
of the United States in worl
intend to do, it will be impol
Ii may even be decisive.
There Is no use for US 10 con
slider a stalemate or regulate
peace. To me that would meal
only short breathing space unit
Hitler could make ready for hi
final victory. Nor do I believ
there Is any use In counting on
British victory without our aio
We may admire the British, bu
there are too few OF them. Thei
Industries are too small. their re
sources too widely scattered, Il
achieve victory over a continen
dominated by the most ruthless
scientific, and masterful dictator
that the world has ever seen.
This leaves us two ALTERNATIVE,
settlements for a future world-t
German settlement or an Ameri
can settlement.
WOULD NOT TAKE NOTICE
I furthermore do not feel that
II is necessary for us to plan very
extensively regarding the future
world order in the event of a Ger.
man victory. No one would then
take any notice Of our plans
Hitler will have plenty of plans of
his own. In fact, II Hitler wins,
there will be no peace conference
and no peace treaty. The Germans
will simply mop up their enemies
and set up their rules and regula-
tons for the guidance Of subju.
gated peoples.
Now, on the other hand. there
Is the possibility of an American
victory after a very long-drawr
struggle. I say American victory
because the Americans share will
continually increase as the war
goes on. That is. 1t will have 10
If our side il to win. II our share
does not increase above what it
is now, Hitler will win.
RECONSTRUCTION OURS
In thinking about the postwar
world. after an American victory,
We must imagine Europe almost
completely stripped Of peacetime
production, her peacetime indus
tries shattered, worn out from
years Of effort without installa-
ton of new equipment, and blown
to bits by aerial bombs and land
artillery. The British and Ger
man air forces are tearing out
the vitals OF each others indus
trial fabric. II this sort of thing
goes on for several years more
until we win, neither the British
nor the Germans. nor probably
anyone else in Europe. will be
equipped to meet the postwar re-
quirements for ordinary needs, let
alone the great task Of physical
reconstruction.
Only one great country will
possess the mechanical equip
ment, the raw materials. the
finances, and the energy to
rebuild post war world.
America alone win have the
strength. the resources. and
the leadership which are
needed.
AS I see II, It will not be pos
sible-win. lose, or draw-to re-
turn TO the old system Of private
trading and lsissez-faire economy
which was supposed TO exist up
TO 1914. This was never really
reconstructed after the first World
war. The impoverished nations
after that war turned to increased
political control over economic
forces. Governments entered the
business field at almost every
point. They will do il again; they
are doing it now.
REGULATION Is SEEN
Whether we like il or not. our
whole system Of comparatively un-
regulated free enterprise Is tenn
porarily in eclipse, and will not
return during our lifetime. I dc
not say that with any satisfaction
u regret it. But I believe IL
facing the fact. The world. after
the present war. will be a world
Of regulated economic life.
The great choice In post
war economics viii lie be-
tween a world of nationally
regulated economics and some
form of international co-opera-
ton. federation. or regulation.
A continuance OF economic ma
tionslism. reinforced by the new
high pressure tactics which the
totalitsrisn states have worked
out. is very possible. II is toe
likely 10 happen TO suit me. The
passions unlesshed BY war. the
hstreds and fears Of a hungry,
disilluSoned world. create ma
;tionsl sntagonisms and national
barriers, A revival and extension
Ct economic nationaisn, after this