Word: galbraithe
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David Sullivan and James Galbraith '74, representatives of the Cambridge Committee for Voter Registration, said yesterday that the Committee is planning legal action on behalf of some of the students if their appeals are rejected...
agriculture for the past 40 years. The obvious abuses that have evolved under that system are of less concern to Galbraith than its two main advantages: a high rate of technological growth and (until recently) stable prices. Thus the Government, far more than it does at present, would subsidize the price of, say, new homes, and systematically encourage the development of the whole housing industry...
...Galbraith admits that Congress seems in something less than a dither to pass the requisite measures for a "new" socialism. Yet many encumbrances on so-called free enterprise -wage-price controls, environmental restrictions, safety regulations, etc.-seemed likely prospects until recently Galbraith points out: "Circumstance forces the action that theory deplores...
...Perhaps. Galbraith is undoubtedly right in holding that the halfhearted, eleventh-hour attempts at socialism in the U.S., such as the federal rescue of the collapsing Penn Central railroad, produce worse results than unabashed governmental takeovers of some industries in other developed nations. And few will argue with the goal of somehow finding a way to provide the healthcare industry and other undernourished parts of U.S. society with advantages enjoyed by big corporations. Yet socialism, new or otherwise, is not an encouraging word to most Americans, and the achievements of "mixed" economies -part free, part socialized-in such advanced countries...
...Public Purpose has plenty to say about issues right out of any morning's newspaper. The book has a fascinating chapter, for example, on "the concept of the household" that is bound to become an instant classic in Women's Lib anthologies. Consumption, while basically fun, says Galbraith, also involves a lot of work: maintenance of house, appliances and automobiles; food preparation; and "participation in competitive social display " Current economic truths presume that these duties fall to women, who are thus in a "crypto-servant" class. "Menially employed servants were available only to a minority...