Economic Nationalism

Dominion, Volume 29, Issue 198, 19 May 1936, Page 11

Economic Nationalism

Sir—ln tile Parliamentary debate on die League of Nations the Rev. Clyde Carr advocated “economic nationalism as the cure for war. . _ In this theory his opinion is directly opposite to that of M. Frederic Jenny, the financial editor of the Parisian jonr nal “Le Temps.” who, in an able article on “The Economic Crisis and the Way OM,” states as follows: “We fear we may have disappointed those who hoped we’would lay before them a ready-made artificial' scheme of recovery. Let us be frank ami open. It docs not exist. M e must allow nature free play, and, in new of past errors, we must return to a state of free trade, gradually, it is true, but with ever-increasing velocity. Our chiin„e over must indeed only be retarded to the extent aiwolutely iiee(w«ary to avoid grtne social upheavals. One word m cone ucioti 'i'lie healing measures which ne have advocated can only prove efficacious if the spirit of peace gains, the upper hand in all the great countries of the world. But Ihe trade policy for which wo ulead with all the emphasis at our Xman will promote the ends of peace, whereas the present trend toward economic nationalism is bound to end In peration, and cannot tail to endanger the Rev. Clyde Carr is right and M. Jenny wrong.—l^ a Gisborne, May 16.