WORLD FINANCE
TO THE EDITOR OF THE PRESS. Sir,—By his criticism of Mr Savage and the Reserve Bank, surely “1937" is not trying to delude your readers that the present Government intends
to introduce socialism, for in no way has the Government threatened private property by its legislation. Also could “1937” enlighten us as to the basis on which he justifies his assertion that in the Soviet Union "the system is failing and is causing the only major trouble.” My extensive study of the economy of the Union of Soviet Socialist Republics points to no crisis disturbing them. It must ho remembered that the problem of piwfiction is still paramount in the Union of Soviet Socialist Republics, and the difficulty of solving the problem of distribution does not appear on the horizon as yet; but when it arrives, knowing the calibre and ability of the Soviet' administrators, I do not think it will be a task of any great magnitude where the people own the means of production, distribution, and exchange.—Yours, etc., A.B.C. January 13. 1937.
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Bibliographic details
Press, Volume LXXIII, Issue 21990, 14 January 1937, Page 4
Word Count
176WORLD FINANCE Press, Volume LXXIII, Issue 21990, 14 January 1937, Page 4
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