Word: capitalist
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...class fiscal minds saw no humorous side. The decision of Parliament last week was for deflation, sound money-and to achieve these in rock-ribbed surety Premier Laval must subject France to a terrific test of budget paring, drastic economy and supreme reliance on the ultimate ability of the Capitalist system under democracy to bring back not boom prosperity-France has never had that-but tolerable times. The budgetary deficit stood at at least 10 billion francs or $660,000,000. Under the new emergency-powers law Premier Laval, assuming that Parliament shortly adjourns for the summer...
...show in the country at large and the trouble began. Plays of the calibre of Mr. Morgan's Nightmare had evidently been beneath the notice of the American Legion, Friends of New Germany and other illiberal groups. But Waiting for Lefty, aside from forcefully presenting the case of capitalist labor racketeering, was such a whacking good show that it became the target of a suppression campaign unequaled since the great Red Scare...
...huge Imperial Chemical Industries, among whose subsidiaries are six munitions firms, claims that less than 1% of its profits are from munitions. Venerable Chairman Sir John began to frown when Communist Pollitt reeled off the names of holders of I. C. I. stock as "an indictment of the Capitalist class as a whole." Outstanding names: Quaker Cocoamaker Barrow Cadbury (30,875), Neville Chamberlain, Chancellor of the Exchequer (833 preference, 5,414 ordinary) and the Right Rev. Edward Thomas Scott Reid, Bishop of St. Andrews, Dunkeld and Dunblane (?2,100 in ordinary and preference shares). Sir John knew what was coming...
...Which Capitalist European Power would be the first to swallow its hatred of Communism and make a military ally of Soviet Russia? The Russians frankly needed and wanted a European friend to protect their back in case they ever fight Japan in the East. Germany and Poland, however, were too close to the Bolshevik Menace to see the opportunity. Three weeks ago France hesitantly took the plunge, signed a Treaty of Mutual Assistance with Russia (TIME, May 13). Last week Pierre Laval, Foreign Minister of France, arrived in Moscow to see what kind of a bargain...
...much the same calm, woodchuck cunning he sees in his own mirror. The two got along famously, two born listeners who knew what they were doing. Stalin was so pleased with Laval that he prolonged the conversation through luncheon, the first time he had ever broken bread with a Capitalist Foreign Minister. It was also the longest visit he had ever had with a foreign official...