Word: ownerships
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Dates: during 1930-1939
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...that the chief significance of Mr. Roosevelt's administration is that it represents the first great attempt to achieve fundamental social reform with parliamentary methods. Since Mr. Harold Laski has already said that fundamental social reform could not be accomplished by parliamentary methods, because "fundamental social reform" means public ownership, he obviously regards the attempt as part of the pathology of political science. After one year of churning and fuming, and after Mr. Johnson's conference, the measurable results are only these, that the administration has built up a large and unsanctioned machinery for the control of industry, that...
...Industrial democracy"? What does "industrial democracy" mean if we are to have no regular democratic organization of labor, and not even the "privilege" of collective bargaining? Who will police the codes? What are the sanctions for a government control of production and distribution that is not straight government ownership? How does the government propose to establish such a control without its corollary of responsibility...
...listing or when he becomes a director, officer or such owner of securities and also within ten days after the close of each calendar month in which there has been any change in the amount of such securities owned by him, a statement indicating the extent of his ownership. . . . It further prohibits any director, officer or such owner . . . from purchasing such listed security with the intention . . . of selling the same within six months. . . . From selling such listed securities which he does not own [selling short]. . . . From disclosing any confidential information...
...asked that question of Joseph Bartlett Eastman, radically brilliant Interstate Commerce Commissioner whom President Roosevelt made Federal Coordinator of Transportation and his alter ego on all rail matters. Last week Coordinator Eastman answered the question in a 350-page report, the core of which was: "Theoretically and logically public ownership and operation meet the known ills of the present situation better than any other remedy." But: "I am not now prepared to recommend . . . public ownership and operation . . . for the principal reason that the country is not now financially in a condition to stand the strain...
...Eastman, the railroad coordinator, included in his report the suggestion that government ownership of railroads was in the long run desirable, but that at present, the step might be inadvisable because of personnel problems and the economic condition of the country. No one can deny that it would be dangerous for the government, because it would be dangerous for anyone else, to purchase the railroad plant of America during a depression. Politically, on the other hand, the transfer can be made with less friction when the railroads are losing money than when they are profitable. The crux of this matter...