Word: labor
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Dates: during 1960-1969
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Launching into a lecture on social justice, the President noted that one of its foremost advantages is that it happens to be "very efficient." "We discovered that by assuring to everyone the fruits of his own labor," he said, "we made him a productive force of untold power. He became subject to the most exacting of all employers-namely himself." Perhaps the most notable feature of social justice, he added, is the knowledge that "the ladder upward is not so crowded that there is no room...
...steel masters of the North have bred the little flirts of Chelsea and Kensington. It is gay, it is madly amusing, and it carries with it the smell of death." Few would perhaps put Britain's malaise in such harsh terms, but even George Brown, when he was Labor's Economics Minister last May (he has since become Foreign Secretary), said that "fundamental changes are required in the industrial structure of Britain today...
...sooner does the economy get going than imports rise, the balance of payments goes sour, and London must clamp down at home through controls and deflation while it borrows abroad to cover its payments debts in the interim. Such is the "stop-go" method resorted to by Tory and Labor governments alike for 20 years...
...legislation as an excuse for walking away from negotiations. Last week, after it was all over, Siemiller claimed that the strike would have ended a month ago if Congressmen like Morse had "just kept quiet." However dubious that claim may be, the fact remains that Congress, fearful of losing labor votes, ended up doing nothing...
Lack of competitive enterprise among British businesses is a major cause of the country's economic woes. The Labor government does not seem to get this message-and last week two of Britain's most profitable companies were under bureaucratic attack precisely because they are fiercely competitive...