Word: lasky
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Dates: during 1940-1949
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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...
Replied Planner Laski (whose remarks were punctuated with phrases like "my poor dear Johnston"): "If you . . . think that private enterprise is going to be so much more beneficial after this war . . . how do you account for the fact that we went from the last war straight into the depression of 1929?" Snapped Enterpriser Johnston: "I am amazed that a man like you would make a statement of that kind. . . . We are finding out in the United States today that there is no such thing as overproduction." When Laski brought up the well-known fact that so-called free enterprise...
...Laski's final barb: "It is marvelous-in a perspiration of passionate excitement Johnston has rediscovered Woodrow Wilson's New Freedom, which dates from 1913." But Johnston sneaked in the last word: "It is not Woodrow Wilson who discovered it; it has been the ideal of man since he crawled out of savagery into civilization . . . and you know...
Four days later Laski, who writes a syndicated column for the Chicago Sun, reported his reactions to Messrs. Johnston & Benton. He was still "bewildered" by their blindness to what he considered the inevitable direction in which the world is moving. "Alongside their outlook," he wrote, "Churchill can really only be described as a left-wing radical...