A RECONCILING PRINCIPLE
THE aspirations of Americans for social and economic security will not be abandoned after the war. But the realization of this objective can never be the product of the free enterprise system. The keynote of the free enterprise system is movement, change, adaptation and progress. These may give long-run economic security to the population as a whole, but never short-run security to every occupation and to every individual. There is therefore a high price in terms of private initiative to be paid for complete security; and a high price in terms of security to be paid for untrammelled initiative. But here again it is not a choice of all or nothing. There is a reconciling principle.
In striving for security, the American people have not sufficiently distinguished between state intervention to guarantee the security of people in their occupations, and state intervention to guarantee personal security to individuals when faced with certain contingencies. By the protective tariff and agricultural subsidies the Government has intervened in economic affairs to give greater security to occupations as such.
If this principle of entrenching occupations becomes the