The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-06-05
LETTERS TO The EDITOR

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plain how or why and while this fea-
| ture deserves larger comment tran
feel at liberty to devote here, it will
be sufficient to state that the socialis:
nations having to large extent elm
mated the item of profit from their
economy, while American manufacture
ers still demand all the profit the
traffic will bear, socialist nations
can undersell American manufactured
goods to exactly the extent of that
profit.
1t logically follows then that in.
stead of socialist nations ATTEMP-
TING to wreck our economy, cur
capitalist profit economy is deliber-
ateIy wRECKING ITSELF. without
any effort assistance from social
lied nations. Ct hope at a later time
to devote more space TO this sub
ject)
Analysing the report further HOW
can Americans lose control of assets
through propaganda for nationaliza-
ton, specialization, coafiScatory taxa
ton and the like?" The answer to that
statement is that THEY CAN'T. Amer
leans as nation of people not only
cannot LOSE, but obviously must
GAIN control of assets by socializa-
ton for under specialization the vast
national natural resources of this
country would become the property Of
ALL the people instead of being own
ed, controlled and exploited by the
privileged few" to their own advant-
az and the detriment of the public as
q whole.
Americans lost control of assets dur
ing the Truman Administration but net
through specialization, witness the sale
of government owned ships 10 private
at a loss OF millions, the
sale of a government constructed steel
plant at Provo, Utah, at = loss of APP
proximately $50 million dollars Of tax
payers money the method of build
ing private plants for corporations
with government funds Through GER
tificates of necessity permitting the
to deduct the cost from
their income taxi
And the present new administration
is apparently going even farther in
re orientation of our economy by the
offshore oil grab, the proposal to dis
pose of our (now) nationally owned
vast hydroelectric developments, IVA
Boulder. Dam, Coulee Dam, to private
industry. There would probably be
a proposal to sell the Statute of Lii
berty in New York harbor except for
the fact that private industry couldn't
make a profit from exploiting it.
Yes, the American people are losing
control of assets but certainly not by
or is it barely possible
that these Wall Street economists be-
lieve that these captains of piracy are
the only real Americans:
The survey contains This pertinent
The United States has fail
ed to explain to the world what free
enterprise is really like AMI how Amer
lean capitalism really operates" For
ma a Is
necessary Socialist nations of the
world (and their number is rapidly
increasingly can easily see how Amer
lean capitalism really works, which is
the reason they want 40 part
Of it,
The survey concludes with this il
statement: us. foreign
policy has not properly supported the
rights of those Americans who risk
heir capital abroad" From this state |
nent we can only assume that aC-
,ording to the opinion Of Wall Street |
economists Uncle Sam did not send /
enough marines to Nicaragua and |
Haiti in the early twenties to enable |
American capital to exploit the re-
sources of those nations, he didn't |
nave enough troops in Mexico to pre-
vent the MeXicanS from assuming own |
erShip of their own oil which had |
)een appropriated by American ex-
)loiters, he didn't have enough troops |
n Russia in 1917-1S to prevent the |
people of Russia from taking over their
own government and its natural re-
,urces and he didn't have enough
roops, jet planes, napalm and atom
,ombs in Korea to secure the gold and
ungston mines and other resources of /
Worth Korea for our American exploit
RS.
t seems to me that in asking for such
. re orientation" of our economy and
oreign policy the Wall Streeters have
aised their sights little TOO high
hey are outlining a program that is
trifle Gust a trifle) too big even for
Jncle Sam, but then shucks! I'm just
n average American citizen--one of
hose dumb clucks" who are supposed
o accept what the newspapers say as
inspired gospel without giving Il any
bought for myself. Who am 1 to
uestion the brains of Wall Street,"