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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 02, 1948
Page
12
A survey shows Americans blaming manufacturers and retailers for high living costs. The piece argues profit is small relative to wages and other costs, noting retailers’ margins are modest and many stores have reduced markups to fight inflation. It stresses free-market competition drives prices to the cost of doing business.
The piece argues that price ceilings and rationing distort production and markets. It warns against laws forcing prices or restricting supply, predicting shortages, black markets, and harm to consumers. It advocates thrift, lower government costs, and higher production as the real cure.
The Saturday Evening Post criticizes socialism via higher Atlantic air fares. It notes American carriers profit abroad while British and French state firms lose, urging details on socialist gains and mocking plans for expanding nationalized industry. It contrasts free enterprise in the United States with Labour-era Britain and Communist regimes, arguing U.S. freedom and living standard remain superior.
In a striking statement the Railway Labour Executives Association urged preparations to transfer railroad ownership to the United States. The writer argues government control would enslave workers, curb protest, and erode gains, noting World War I experience and citing the New York Times comparison of leaders sawing off the limb.
The Palestine crisis shapes world peace and economic rehabilitation as U S recognition of Israel strains Britain and joys the Soviet Union. Oil reserves in the Middle East drive ERP plans, while Western powers seek a halt to hostilities to protect oil and recovery efforts. Economic outlook suggests steady production and wages, modest price rises, and large defense spending impacting industry.
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