Show great challenge President Kennedy made a major speech at the recI recent rec rec- t I ent annual meeting of the Chamber Camber of Commerce of the States This came hard on on the heels of his drastic action in forcing steel to cancel a price increase and was designed to allay fears that his Administration is anti business The Chambers Chamber's retiring president followed Mr Sir Ken Ken- nedy And he made a a. point of the utmost importance He observed that government intervention in price decisions decisions de do- in industry presupposes that this may be balanced by government intervention in the determination of the price of labor But then he added these wisp wise words I It lIt is a challenge to business leadership to make certain that both business and labor will wilt remain free to make their own decisions without government intervention Without that freedom the free enterprise system will wilt wither and vanish A government which is arbiter of prices and wages is a government which rules by decree and which disregards the workings of the free market Government-controlled Government prices and wag wages B are a fundamental part of all totalitarian economics This is ta certainly one of the t great challenges of our times not only to business but to government and labor |