Word: ownerships
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Dates: during 1950-1959
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Corporately, CBC is a government-owned network with nine stations of its own plus 44 privately owned affiliates strung along the world's longest (4,200 miles) microwave hookup. Canada justifies government ownership by the need for serving up Canadian culture to an audience uneconomically scattered across a vast land. But the government recognizes the merits of competition, and a new Board of Broadcast Governors (TIME, Nov. 16) will soon begin licensing private-enterprise second stations in all major cities. CBC President Alphonse Ouimet, 51, whose $17,000-a-year salary is less than one-sixth as much...
Bygone Banners. Fiery Party Chairman Barbara Castle had opened the meeting with an old-style appeal for public ownership as Labor's great cause. "It's no use waving the banners of a bygone age," replied Gaitskell. "Nationalization, on balance, lost us votes...
...only one means" to achieve a modern Labor Party's true end-building a classless society based on economic and social justice. "No, no," shouted some delegates. But Gaitskell urged that it was time to revise the party's 40-year-old constitutional pledge of "common ownership of the means of production," and work out "fundamental principles of British democratic socialism as we see them today-in 1959 and not 1918." Winding up a speech that won only an occasional scattered handclap, Gaitskell said: "I would rather forgo the cheers in the hope of more votes later...
...Gaitskell but straddled the views of Gaitskell and Barbara Castle. Nye Bevan had his own view of the proper socialist future: "In a modern society it is impossible to get rational order by leaving things to private economic adventure. Because I am a socialist, I believe in national ownership. I believe in what Hugh Gaitskell said yesterday, because I don't believe in a monolithic society with public ownership of everything. But we'll never have order until we have a planned economy, an economy in which the nation determines its own priorities." On this note, the party...
Handsome Profits. The one complaint that Aussies have about foreign capital is the lack of opportunity for local participation in the new companies. Only about 40 of the U.S. manufacturing subsidiaries are publicly owned, and of these only eleven have some degree of Australian ownership. But the Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel...