The midland journal., 1946-12-06
LOOKING
AAE4D
Y GEORGE S. BEN SON
| PesideHf--Hardixg CoiIfge
Sfarry. IrkaAsas
Young Economist

l met young economist in Eng
land. His thinking revealed that he
would like to see the complete crum-
bling of the present order and the
ultimate naturalization Of all Eng
land. His discussion showed too
that he would thoroughly relish fall
ure of the capitalistic order" in
America, which he boldly predicted
would surely come within a few
years.
Notable thing about this young
man is that he is very influential in
the Labor government. He talked
freely and with spirit, and the en-
thusiasm he exhibited shows con-
clusively which school of thought in
England is on the defensive. 1t Is
unfortunate when Truth and Right
are no longer on the crusade, but
instead must be called to the defen-
sive.
Influence Of Youth
l asked this young economist the
secret of the growth of the Socialist
party in the United Kingdom. Dis
playing political acumen which Is
engendered only from a thorough
understanding of reality and
knowledge of facts, this economist
said that victory in the last election
in close districts came because Of
the vote of the young people.
I'm fact, the percentage of young
people who voted the Socialist ticket
was greater than the percentage Of
older people in the ranks of Labor"
he told me, adding a fact I knew
already: that the growth Of Social
ism has been more rapid among
young people and among skilled
workers. The influence of higher ed
ucation, he stoutly affirmed, was
definite factor in the spread of So
cialism throughout the Kingdom.
did not encourage him in this re-
gard about America, but the paral-
lei was clear. I found myself wish
ing that our own high schools and
colleges were doing better job Of
building into the very fiber of Amer
lean youth deep appreciation for
the fundamental principles Of our
American way of life, lest our youth
some day lead this nation down that
same unfortunate road. Strange
irony it is, that wealth created by
honest work is used in the form Of
taxes and in grants as means to de-
stroy the philosophy which begot
our freedom and our wealth.
Competition Needed
Ex,ovo fho rSOxrnrpy,oovk oPH N{aIw Ia
London do not seem quite sure that
the principle Of naturalization IL
sound. Some uncertainty exists, for
they are already detecting basic
weaknesses. During the week Of
July Is London newspaper quoted
the London County Council as say.
ing that the London Transport "a
government monopoly operating
steer-cars and buses) needed COM
petition. In the same week an
other writer stated his opinion that
the British Broadcasting Corpora
ton, the weaknesses of which were
at that time under fire in Parlia-
ment, needed the competition of 9TH
er broadcasting companies in Eng
land.
Failure of the private enterprise
system in America, our young econ
omist said, would soon come be-
cause of the inability of business to
operate at loss. This thing the
government could do indefinitely,
| just for the sake of maintaining
employment, he affirmed, insisting
there is no limit to deficit financing
available to government = owned
| economy.
have never been able to con-
vince myself that Socialistic and
Communistic minded economists
could be sincere in advocating this
philosophy, characteristic though it
is of their thinking. If the principle
were workable, why does not some
Communist nation issue million
dollar credit to each of its citizens
and let them all enjoy wealth in Q
patton that cannot go broke?