WHICH SYSTEM?

Taranaki Daily News, 18 August 1934, Page 7

WHICH SYSTEM?

GOVERNMENT OF CANADA CAPITALISM OR OPPOSITE? UNITED STATES’ INFLUENCE WARNING BY MR. BENNETT THE STATE IN BUSINESS By Telegraph—Press Assn.—Copyright. Rec. 10 p.m. Ottawa, Aug. 16. In spite of improving economic conditions and evidence of recovery on every side, Canada in common with most of the world, had still to solve one of the sternest problems growing out of the depression, said the Prime Minister, Mr. R. B. Bennett, at a banquet at Saint John, New Brunswick, to-night. The question was whether the socalled capitalistic system would be retained or replaced by a system opposed to it, continued Mr. Bennett. He voiced a warning that while every effort of the Government had ‘been directed towards the maintenance of the capitalistic system, a decision on the part of a nation so closely allied to Canada as the United States to adopt a radically different policy would make a tremendous impression upon the economic life of the Dominion. “I am convinced there will be more and not less interference by Governments in private business,” Mr. Bennett added.