Show Economic Stability Mahoney Declares in Lecture Private Enterprise Able to Give America High Standard of Living j By Ann Lehner 1 ideals m of economic democracy can be achieved in Amer- ica and a satisfactory economic life under freedom de- dared J. R. professor of economics at the j sity of in the annual Reynolds January in Kingsbury is easily within the range of possibility to create a balanced economic system under- private en- i in America that will af- ford to every citizen an income which will command a fair share of its economic goods and Mahoney further improvements in 1 our economic would come r from properly educating and training the entire population and removing all obstacles to occupational Mahoney pointed out weak- nesses of socialist and communist economic stating that they j worked for the same end but em- different all programs of economic change or reform embody provisions for bring about a more equal distribution of wealth and Plan Must Be Found A program must be worked out to improve our present economic according to Ma- We must restore our nat- i ural resources use them to the utmost Research facts and usable capital must be We should guard against he regulations of some j sort are necessary in our complex Mahoney further J pointed of the poverty that now exists in America is due j to overcrowded conditions in a few of the More Talent to meet the problems v of high income and undue concen- j of economic power in the hands of business is to make business talent more plen- in the opinion of economic and social benefits of an adequate supply of well-trained and enterprising busi- ness leaders is difficult to overes- The key position in this program 1 of economic reform must be occupied Mahoney j Most of the poverty that j now exists in America is due to overcrowded conditions in a few of j the and these i are made up primarily of 1 people with very limited M tion and is evident j that some concerted program of improving educational standards all over the country is necessary j to the achievement of a desirable occupational balance anywhere in j Training Emphasis jj is the most character- h feature of American economic I j observed vocational program of the future must place greater emphasis on a j type of training that will permit readjustments to meet the needs of a changing In closing Mahoney stated that by the quantity of commodities and services available for meeting the needs of the population and by some other import- ant the economic system in the United States has achieved the highest relative position of economic success in the course of i |