TOPICS OF THE DAY

Waikato Times, Volume 128, Issue 21365, 8 March 1941, Page 8

TOPICS OF THE DAY

Basis For Democracy “ The only nucleus round which a stable, peaceful, democratic world can be built after this war is if the United States and Great Britain possess between them more aeroplanes, ships of war and key positions of world power than any possible totalitarian rival. Then, and then only, will political and industrial freedom be secure and will it be possible for a free economic system to prevail against the economics of totalitarianism. If we are to set the world going again, not only must we have strength, but we must not adopt the fatal policies we all pursued after the last war—the establishment of prohibitive tariffs, trying to collect fantastic reparations and war debts through those tariffs, then hoping to dodge the inevitable consequences of these follies by a policy of reckless lending. Markets and employment for all should be the main purpose of our post-war economic policy. It is the great strength of democracy that brings responsibility down squarely on every citizen and every nation. And before the Judgment Seat of God each must answer for his own actions.”-—From Lord Loti'uan’i last speech in America.