Word: lippmann
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Columnist Walter Lippmann forsook foreign affairs and domestic politics for a moment last week to deliver a pep talk to the U.S. businessman. And he said a mouthful...
...American businessman, wrote Mr. Lippmann, holds his - and the world's -fate in his hands because, of all the world's great powers, the U.S. alone has "no governing class which has a social position and political power superior to that of the business community." For that reason preoccupation with the current economies of other nations will be far less instructive to him than the study of a significant thought from the past : the psychoanalysis of the divergent fortunes of British and French aristocracies made some 80 years ago by "the incomparable de Tocqueville...
According to Lippmann, de Tocqueville concluded that the British aristocracy survived because its members "accepted heavy burdens in order that they might be allowed to continue to govern," while the French aristocracy perished because they preferred to cling "to their privileges and immunities to console themselves for having lost to the king the power to govern." U.S. business can perish or survive according to how it chooses between the same essential alternatives today. But the great danger is that U.S. businessmen will unwittingly suffer the fate of the nobility of France - unless they stop "brooding upon their grievances and their...
...Guilty? Pundit Walter Lippmann wrote: "[Hitler] will not provoke us into a competition in atrocities. . . . For our own self respect, and as the wisest military policy as well, we must continue to assure troops who surrender . . . fair and honorable treatment...
...many a worried citizen these words seemed a wise mouthful. Equally sound seemed Lippmann's criticism of Franklin Roosevelt's criticism of the press. The President, said Lippmann, has complained that the press is uninformed, therefore unqualified to speak. But if the press is ill-informed, the President himself or a strong, loyal opposition, or both, could be of great help in this regard...