Thank you for visiting SNEWPapers!
Sign up free
Editorial
January 1, 1958
Pick And Shovel
Bauxite, Saline County, Arkansas
What is this article about?
Editorial extolling the virtues of free enterprise in America, emphasizing equality in trade, individual freedoms, and abundance achieved under capitalism, contrasting it with socialism's unfulfilled promises, quoting economist J. Frederic Dewhurst.
Clipping
OCR Quality
98%
Excellent
Full Text
SOCIALISM PROMISES: FREE ENTERPRISE DOES
Although we Americans earn our living within a system called free enterprise, few of us give thought to its meaning. Free enterprise is the only economic system under which the person who has something to sell, and the person who is in the market to buy, meet on terms of equality and freedom, without interference so long as common laws of justice and decency are observed.
Free enterprise is the right of all who live within it to offer whatever they have created-whether products, services or skills-to other individuals, who are just as free to take them or pass them up.
While socialism promises, free enterprise performs. J. Frederic Dewhurst, noted economist, says:
"Of all the great industrial nations, the one that clings most tenaciously to private capitalism has come close to the socialist goal of providing abundance for all in a classless society."
Free enterprise is not perfect, as mankind is not perfect. But free enterprise gives full scope to many of man's highest virtues; his imagination, inventive genius; courage to try unknown paths; his self-reliance, capacity for work, and determination to build a better world.
Taken from Cressona Alcoan
Although we Americans earn our living within a system called free enterprise, few of us give thought to its meaning. Free enterprise is the only economic system under which the person who has something to sell, and the person who is in the market to buy, meet on terms of equality and freedom, without interference so long as common laws of justice and decency are observed.
Free enterprise is the right of all who live within it to offer whatever they have created-whether products, services or skills-to other individuals, who are just as free to take them or pass them up.
While socialism promises, free enterprise performs. J. Frederic Dewhurst, noted economist, says:
"Of all the great industrial nations, the one that clings most tenaciously to private capitalism has come close to the socialist goal of providing abundance for all in a classless society."
Free enterprise is not perfect, as mankind is not perfect. But free enterprise gives full scope to many of man's highest virtues; his imagination, inventive genius; courage to try unknown paths; his self-reliance, capacity for work, and determination to build a better world.
Taken from Cressona Alcoan
What sub-type of article is it?
Economic Policy
What keywords are associated?
Free Enterprise
Socialism
Capitalism
Economic Abundance
Individual Freedom
What entities or persons were involved?
J. Frederic Dewhurst
Cressona Alcoan
Editorial Details
Primary Topic
Virtues Of Free Enterprise Over Socialism
Stance / Tone
Supportive Of Free Enterprise
Key Figures
J. Frederic Dewhurst
Cressona Alcoan
Key Arguments
Free Enterprise Ensures Equality And Freedom In Buying And Selling Without Interference.
Individuals Can Offer Products, Services, Or Skills Freely, And Buyers Can Choose Freely.
Socialism Promises But Free Enterprise Delivers Abundance In A Classless Society.
Free Enterprise Fosters Human Virtues Like Imagination, Invention, Courage, Self Reliance, And Determination.