Word: adler
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...faithless by pretending to go off to the wars and returning in disguise as two gentlemen from Albania lately landed from a balloon, lay siege to each other's sweethearts, and, to their own discomfiture, succeed-has seldom been more merrily staged. Under the direction of Peter Herman Adler, Mozart's music was kept feather-light and crystal-clean. Soprano Phyllis Curtin and Mezzo Frances Bible were as pretty a brace of slim beauties as ever taunted a gallant; Tenor John Alexander and Baritone Mac Morgan sang warmly as the two gentlemen, who conclude: "Women cannot be faithful...
...styles are scarcely comparable. Marx-Engels wrote in fire; Kelso-Adler seem to be writing under water. Yet the book achieves a triumph of grey matter over grey manner. Four points stand...
...could never reform, and remanded it to the custody of the state. Result: tyranny. Marx's error, say K. & A., was his failure to see that the culprit was not the institution of private property itself, but undue concentration of capital in a few hands. The Kelso-Adler answer: decentralize capital, make everybody a "citizen-capitalist...
...this is apt to sound like pie-machine-in-the-sky, Kelso-Adler back up their ideas with concrete-and controversial -proposals. Among their suggestions: equity-sharing plans, distribution to stockholders of all corporate profits in the case of "mature" corporations, abolition of corporate income taxes and revision of personal income taxes, abolition of inheritance taxes. (At times, the program has the ring of "Capitalists of the world, unite. You have nothing to lose but your tax forms.") All capitalists-meaning, eventually, all citizens-would get a just return for their investments, limited only by another requirement of justice: that...
Indignity of Labor? Adler and Kelso expect economists to "clobber the book," and the possible objections are indeed strong. The scheme to diffuse capital might require more governmental control than the present pump-priming devices that K. & A. condemn. If the prescribed spreading of capital were more or less limited, would it give workers (except in theory) relatively more than they have today under high wage scales? Or, if the redistribution of capital were sizable enough to make a real difference, would there be enough capital concentration for new enterprise? Furthermore, the K. & A. vision of a coupon-clipping mass...