The Archive · 1938

Checks on Profiteering

The whole principle of distributing wealth has been elaborated brilliant-y, with checks on the tendency to abuse in the way of profiteering.

And it all works out to Czechoslovakia having the advantages of the authoritarian state in cohesiveness and speed of action, without the disadvantages of control by dictatorships. Fortune" opines that the Czechoslovakian economic system is a model of stability, given the right world It is quite logical that in its plans for expansion, Germany, like any other nation, would much prefer the Tess-expensive procedure of obtaining her objective through peaceful methods rather than by violence. So it 15 that the voice of the close-neighbouring 3,000,000 Sudeten Germans within the Czechoslovakian state given strength to articulate itself.

When Germany annexed Austria, the western portion of Czechoslovakia care between German Silesia to the north and Austria to the south. It is here that there is a natural profective frontier consisting on all sides of mountain walls, within which is sheltered the well-known armament works of Skoda. They have also added, to these defences, concrete forts and machine-gun pillboxes. Whatever terms the Czechoslovakian state may cede to the Sudeten minor-Xy. within its midst, the question of Manning these forts must obviously have prime consideration.

According to the economic journal "Fortune," since the Sudeten Mountains are necessary for the defence of the Bohemian plateau, the Czechs bre naturally unwilling to cede- that territory to Germany. They are also unwilling to make it a free state within Czechoslovakia. And even if they were willing to let the Germans go, they could not do it without Sacrificing some 400,000 Czechs who live among them. "Fortune" says that-actually the Czechs title to Sude-conditions, The: practical application, down to minute details, of Masaryk's vision of governing his country for the greatest good of the greatest number. has been phenomenally realized, This is a wonderful attestation to what may be achieved in the way of government when a people's own merit produces a good and fitting leader. and ít recalls the dictum that in the long run a nation gets the government it deserves.

Explaining the modern trend of ome nations coming under the "spell and dominance of demagogic dictators and their terrorist bands," Mr.

Walter Lippmann, writing in the New York "Herald Tribune," underscores the thesis that unless the means of independence is widely-distributed among the people themselves, no real resistance is possible to the advance of tyranny. Among some of the valuable observations, Mr. Lippmann makes, is that wherever a dictatorship has been set up in Europe, the mass of individuals had already become so economically insecure that they no longer dared to exercise the legal liberties that the demagogue was attacking.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account