Show 0 Government in Bt sine l. l in lIN comparison of British and and An government relations relations' to industry the Pe- Pe JI Times London concludes concludes concludes' that 1 interference in the i government nce cont con con- t tu u f of an an industry y can work gre great t harm it neier er leads leads to satisfactory economic results results The Th article contrasts the disastrous situation bf British coal mining with the prosperity of f th American oil industry industry- and its find find- j is gs are strongly in favor of th the least meas meas- u of government interference It says in of this view Examples support are toS to'S to S 'S bi seen all over the world The The petroS petro- petro S Ie n industry has by means escaped such S. S government attention To Io select one example ex- ex ample ample the Mexican petroleum industry is beS be'S being be- be S 'S ing greatly hampered in its normal develop develop- 4 ment by repeated interference from the Mexican Mexican Mex- Mex ican government S S 'S Fortunately for petroleum production Sin in general and particularly for the petro- petro industry of the he United Slates lates the government gov- gov of that country has left the indu indu- 1 I. I try a large amount of with the i result that the worlds world's requirements of f pe- pe j products have been amply cov ered by production notwithstanding the extraordinary ex- ex increase in the demand in recent recent re- re cent times The liThe adventure of a government into the method of conducting an industry is usually more lore or less disastrous because it tends to lift the industry out of the economic economic eco eco- into the political sphere where purely economic considerations become secondary There is little clamoring in the United States for government control of industry The occasional drifts of the government into railroading and a few other instances has cured most Americans Americans' of the idea that the government could operate the major industries in- in of the nation for the better satisfaction satisfaction satis- satis faction of the people The less politicians have to do with things the more comfortable comfortable comfort comfort- able the people feel A few cities have gone ii li for municipal ownership of public utilities much to the sorrow of the taxpayers taxpayers tax tax- payers both from a cost standpoint and the loss Of f efficiency and servi e. e A |