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Omaha, Douglas County, Nebraska
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Prof. Herbert B. Dorau of New York University criticizes socialization in production as a deceptive means of economic exploitation by one class over another, speaking at the Institute of Transportation. Commentary warns against its application to private electric service in Omaha.
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"It is a hocus-pocus by which the people as a whole are misled into thinking that they are getting something for nothing," he said. Dorau said he is amazed by the failure of business to resist "the relentless reduction of the fee of economic freedom."
"To the business mind there are two kinds of socialization," he said, "that which hits him and that which hits the other fellow."
"The use of the favor and finances of government by one industry to improve itself in the indirect competitive struggles with another is the kiss of death for individual initiative and private enterprise."
Did you notice this United Press dispatch which appeared recently in the World-Herald? This gives the answer to those who favor socialization of the "other fellow's" business.
The above quotation in the headline, taken from the news article, tells the whole story of public ownership, be it the railroads, medicine, insurance, electricity, or any other business or service.
Here in Omaha, business and professional people, generally, are fully aware that one can't start a socialistic plague and keep it away from his own door.
The few men who are seeking to force our Company out of private business and socialize your electric service would be the first to cry "wolf-wolf" if an effort were made to socialize their interests.
With kindest personal regards,
Sincerely yours,
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Location
New York; Omaha
Event Date
Tuesday
Story Details
Prof. Dorau describes socialization as a deceptive economic exploitation and warns of its threat to private enterprise; local commentary applies this to opposition against socializing electric service in Omaha.