FOR AMERICAN CONSUMPTION

Wanganui Chronicle, Volume 75, Issue 178, 30 July 1932, Page 13 (Supplement)

FOR AMERICAN CONSUMPTION

Summing up an article on What Europe Wants in the Saturday Evening Post, that is written from the American point of view, Mr. Alonzo E. Taylor says:—Europe desires (1) abolition of reparations; (2) cancellation of war debts; (3) maintenance of American investments in Europe and continuation in their expansion; (4) maintenance of existing European investments in the United States and continuation in their expansion; (5) maintenance, and continuation of American and European investments in the other regions of the world; and (6) reduction of tariffs everywhere in the direction of free trade. The ultimate objectives, apart from better times, are: (1) To transfer to the world outside of Europe as large a proportion as possible of the war losses; (2) to place upon the outside world a part, of the burden of support of the reconstruction of Central Europe; and (3) to re-establish Europe in her pre-war position as the world’s banker. -The leadership of Europe implies leadership within Europe. This would probably be “under the leadership of Great Britain,” as Keynes has put it. France would dispute this, with Germany and Russia at present power less to intervene for themselves. Un

less the psychology of Europe has been fundamentally changed by the war. the restored hedgemony of Europe would result in revival of the pre-war system of alliances. Political ambition, social fear and financial interest are conjoined in the external relations of Europe, of which that with the United States is the first and largest. Therefore, Europe uses every effort to influence us to support her plans, and the exigencies of the trade depression arc insistently invoked in furtherance of long-term European policies.