Word: laski
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...Left. Mr. Johnston had the advantage of numbers in his debate with Britain's razor-tongued Socialist-Economist Harold Laski. Moderator on last week's University of Chicago Round Table radio program beamed from London was his traveling companion, the University's hustling Vice President William Benton, who is also vice chairman of the liberal-businessman U.S. Committee for Economic Development...
...three agreed high employment must be the first aim of postwar economic policy. But Laski argued for "production for community consumption . . . [planned] by the State." Machinery-Man Johnston and Ex-Advertising-Man Benton plumped for an American ideal: "the initiative of millions which a free economy generates...
...margins of opportunity" -the expanding economy of a huge continent-"ended in 1919." The U.S., says Laski, began to take on many aspects of British life...
Freedom v. the State. After the war, says Professor Laski, counterrevolutionary big business will be too strong to be controlled by trustbusting. The simple system of natural liberty urged by those who demand a return to traditional individualistic business ceased to be workable almost a century...
...ownership of the means of production is not transferred from private to state hands, says Laski, Anglo-American union will mean only a strengthening "of Anglo-American imperialism...