Word: statesmanship
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...mistake, said FORTUNE, to assume that economic development "can be a first line of defense against Communism." The first line must be statesmanship and military power. They might hold the line "by great effort of will on our part for, say, ten years. By then it is both possible and essential that our American Business Economy shall be well on its way to accomplishing the Reformation. By then . . . the peoples of the world [may] find in their rising standards of living and in the health of body, mind and spirit which goes with it, the enthusiasm and fortitude to cast...
When the pension issue came to a head in October in the 42-day steel strike that idled 500,000 workers, steelmen showed a notable lack of industrial statesmanship. U.S. Steel tried to rally support, as a matter of principle, for its contention that workers as well as management should contribute to pensions. But precedent was against its plea. As far back as 1904, Du Pont, for example, had set up a noncontributory plan; there were an estimated 4,500 other such plans in operation in the U.S. When steelmen finally gave in and guaranteed $100-a-month pensions (including...
Such good will was infectious. Always easily infected, handsome "Big Ed" Stettinius, U.S. Secretary of State, earnestly told Uncle Joe that if they all worked together after the war, every house in Russia could have plumbing and electricity. Statesmanship could go no farther...
...Cannot Allow." The Stettinius excuse for F.D.R.'s tragic weakness on the Polish issue is that the Russians were already in Poland. From a statesman, such reasoning seems to applaud the bankruptcy of statesmanship. Stalin was capable of straighter talk on the subject. Said he at Potsdam: "A freely elected government in any of these [eastern European] countries would be anti-Soviet, and that we cannot allow." U.S. readers may wonder why the U.S. delegation could not have guessed that as well as Stalin...
...reach the $300 billion level, said Wilson, the labor unions, which had already achieved "monopolistic" power to "dominate and control the economy," would have to exercise statesmanship. "If the unions strive only to outdo one another in their demands, and Government-by-edict enforces an endless series of wage increases without regard to industry's costs, it will lead, inevitably, to nationalization of industry...