Economy Must Be Made Democratic
(Received 12.30 p.m.) WASHINGTON, March 11
The chairman of the Federal Monopoly Committee (Mr. J. C. O’Mahoney) at the final hearing today suggested that Congress call a conference of business, labour, farm and consumei leaders, to draft a national economic constitution that would abolish the economic uncertainties “which seem to threaten even our political system.” He also proposed national charters for national business, steps to increase the income of the lower groups, material reduction.of tax rates for new enterprises, and a more vigorous enforcement of the anti-trust laws.
He said the only remedy to save democratic economy which can be found is that of making economy democratic.
The American people must choose between free enterprise and Government planning. If the former, it must be free from both private and public organisations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19410312.2.110
Bibliographic details
Northern Advocate, 12 March 1941, Page 9
Word Count
136Economy Must Be Made Democratic Northern Advocate, 12 March 1941, Page 9
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in