The Future Economic Policy of the United States

By William Adams Brown Jr.; World Peace Foundation | Go to book overview

CHAPTER VIII
BASIC ISSUES THAT MUST BE DECIDED

IF THE analysis up to this point is correct, there can be no clear line of demarcation between questions of foreign and questions of domestic policy. Americans at this moment stand on the brink of decisions which will determine for a long time to come, both the type of economic order to which they will be committed at home, and the quality of their international leadership. The coming decisions will be fateful, not only for America, but for the whole world. Some of them must be taken almost at once, or at latest with the coming of the peace. Some may be made gradually over the life-time of the next generation. They are, at bottom, not very numerous. Leaving aside the purely military and political aspects of our international relations, the basic issues may be reduced to four:

In facing the problems of the period immediately following the war--

Will the American people accept the fact that war impoverishes and does not enrich, with the corollary that war-depressed standards of living cannot immediately be raised? Or will they attempt to deny it or ignore it in their practical policies?

Will they utilize the machinery of the war economy to secure an orderly transition to peace-time conditions? Or will they insist on freedom as soon as possible from irksome bureaucratic controls?

-73-

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