Managerial Revolution 1941

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Managerial Revolution 1941 - In a a a a a ALTON EVENING TELEGRAPH Truth and...
In a a a a a ALTON EVENING TELEGRAPH Truth and Faith Greatest Needs in America—Babson By NEW ' BAB8ON. Oct. 10.— Next to truth, the greatest need today Is for faith—faith in God, faith In Anierica, and faith In our fellow men. On the other hand, the greatest danger lies with fear- fear of death, fear of sacrifice, and foar of losses of various kinds. Yet, there are many columnists, authors, and even political leaders who make their livings crying "Wolf I Wolf! when there Is no wolf.,'..-,: . .'•'•.'.•...•. , • ' '.' ' . Even radicals are now pretty much agreed that our generation has nothing to fear from Social- Ism or Communism, They have entirely changed their tune as to this fear. Karl Marx Is no longer their Idol and they have lost faith in the proletariat •.. They Instead talk of a "Managerial Revolution." They;stlli;pretend to believe that most' stocks and bonds will become worthless through, state competition— competition— that we are entering an era when the government will become the owner of all : income-producing property and : will /operate it along technocratic lines. They say that the "Managers'.' thereof 'will be the* aristocracy of tlie nation, taking taking the place of bankers and capitalist.!! capitalist.!! in general.;:;' ',-, Managerial Revolutions To some extent,; these; calamity howlers are doing good in /causing us to take out "insurance" , in the form of vocational - education for our children! JVise parents are calling such pessimistic" talk ;to their children's attention so that the young people ; wills not demand upon what they Inherit; but will .have a profession, trade,. or; job of their own. ?o; much,; so sobd; , . ; ;The college professors who are preaching tha ; elimination • of 'the capitalistic class are doubtless right POT In merit more their forecast that the govern- will gradually take over and more industries, This, however, Is nothing new. It has always been going on. Armies, navies, highways, postal service, etc all started as private enterprises. enterprises. This process will doubtless be speeded up to Include armament factories, public utilities, railroads, milk distribution, bread bakeries, and certain of the great producers of raw materials. Keep Investment* Ud-to-Dnte Here is what the pessimists overlook' overlook' For every old Industry any government has taken over, t\yo new industries have sprung up in its place. This, moreover, applies to Russia and Germany as well as to the United States and Canada. Initiative, enterprise, and invention invention grow'best In a free soil apart from government ownership or management. As long as the English English race is in economic competition competition with Europeans or Asiatics, you may be sure that private enterprise enterprise will be encouraged in the United States and Canada. This means that business men and investors who keep ahead of the procession have nothing to fear from the New Deal. Those who recognize that the only thing really "permanent" is change and who wisely shift their investments accordingly, accordingly, should continue to prosper. prosper. The lazy investor, the self- satisfied business man, and the so- called conservative banker who worship "bond ratings" are the ones who will suffer during the changes ahead of us. What After the War ft * Most readers are asking what will happen after World War II. Will there be a great business slump.? Will revolutions follow? The current low stock market prices are duo—not to present conditions—but to fear pf :what will happen a few years hence, Of course, one should know how long the war is to last before answering answering these questions. The after effects of a long war would ' be more serious than If it should end in the winter of 1942-3. But, the real 'answer depends upon, ,to what extent employers/ wage-workers, and investors are willing to adapt themselves •" voluntarily to the changed conditions. The stagecoach stagecoach owners and drivers of 100 years ago who fought the rail* roads, went broke; but those who sold out and re-invested In railroad railroad securities became very pros< porous. . Some Illustrations This is one reason why I prefer the chemical companies rather than the "steels";—prefer the motor motor coach companies rather than the "rails"; and prefer the peace, stocks rather than the "war- babies."' '' I prefer to have the bonds :,of ...some almost unknown little town run by good people than the "popular bonds of grea' Cities which are run by grafters. % Recognise CHANGE,, insist upon GROWTH, and align yourself with active people of CHARACTER anc you have nothing to fear. The world is constantly getting better while more opportunities exist today today than ever for those who study pray, work, save, and venture. Beware Beware of "cobwebs" Jn your home business, church, or safe deposi box! /

Clipped from
  1. Alton Evening Telegraph,
  2. 10 Oct 1941, Fri,
  3. Page 8

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  • Managerial Revolution 1941

    toddkwest – 28 Mar 2013

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