DO WARS PAY?

Grey River Argus, 11 January 1944, Page 3

DO WARS PAY?

SIR W. BEVERIDGE'S CLAIM.

LONDON, Jan. 9. Sir William Beveridge, propounder of the plan for pensions and unemployment relief after the war, in a SD “People ld o : rthe United States don’t talk like some of our leaders about being poorer after the war. They are more sensible than our professional pessimists. Just before this war we were on the average mucn richer than 25 years before, with the standard of living about 30 per cent, higher, in spite of the first World War and in spite of the decline in international trade and mass unemployment which followed. The only experience we have had of war is, it does not leave us poorer. Why should we be poorer after this war. There will have been some material destruction, but we shall have the same people with a great increase' of capital equipment and many new technical inventions. I hope that above all we shall have a new social invention enabling us to do without unemployment.”