Word: johnstons
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...Eric Johnston, free-wheeling President of the U.S. Chamber of Commerce, whirled smoothly and articulately through England as guest of British Government and industry. On what stumps were offered him he first took on the Left, then turned around and lectured the Right. At week's end Eric Johnston was still firmly talking in the middle of the road...
...Left. Mr. Johnston had the advantage of numbers in his debate with Britain's razor-tongued Socialist-Economist Harold Laski. Moderator on last week's University of Chicago Round Table radio program beamed from London was his traveling companion, the University's hustling Vice President William Benton, who is also vice chairman of the liberal-businessman U.S. Committee for Economic Development...
...three agreed high employment must be the first aim of postwar economic policy. But Laski argued for "production for community consumption . . . [planned] by the State." Machinery-Man Johnston and Ex-Advertising-Man Benton plumped for an American ideal: "the initiative of millions which a free economy generates...
Replied Planner Laski (whose remarks were punctuated with phrases like "my poor dear Johnston"): "If you . . . think that private enterprise is going to be so much more beneficial after this war . . . how do you account for the fact that we went from the last war straight into the depression of 1929?" Snapped Enterpriser Johnston: "I am amazed that a man like you would make a statement of that kind. . . . We are finding out in the United States today that there is no such thing as overproduction." When Laski brought up the well-known fact that so-called free enterprise...
...feeding, reconstructing the world," give up "certain parts of the Atlantic Charter and the Four Freedoms which imply performing, indefinitely, costly services for the rest of the world and doing it for nothing." As the convention ended, the phrase resounding in most ears was neither Fairchild's nor Johnston's. It was Senator George's "fairly constant employment...