Show al a by dr george S benson DIRECTOR NATIONAL EDUCATION PROGRAM searcy arkansas As the signs of an ever growing leftward trend in england and europe mount many american tinkers are beginning to re exam ine the dollar diplomacy which la has characterized our foreign policy since before world war 11 II and up to the present time one of the most searching examinations Is contained in a book just published by henry company chicago it is entitled the dollar dilemma its author Is the internationally tio nally known and highly respected economist dr melchior palal he wrote the book as aa a supplemental text in college economics courses but it ought to be read not only by students and professors but by every citizen interested in his and his count rys welfare the conclusion of dr detailed examination and analysis of the economic and sociological plight of england france and italy Is that the program of american financial aid and the accompanying fiscal manipulations of our government and theirs has impeded rather than promoted Eu ropes self reliance that in other words Eu ropes chance for economic and social stability has been weakened rather than strengthened by the billions taken from american taxpayers and given to france italy and england the real economic trouble in europe he says stems from a reluctance of the socialist governments of europe on increased in work and greater productivity ile he says that the british coal industry alone could it properly managed go a long way toward eliminating the dollar shortage over which the european cans so loudly cry as they seek additional billions in gifts from the V U S A actually dr palal observes american gift money has not been going into channels which help promote the genuine economic strength of the european nations overwhelmingly he notes it was given to foreign governments but the recipient governments were usually bent on building up their nationalized industries taking over more plants and on competing with or at least directing the investments of private business As american aid during the war saved the communist regime la in russia and enabled it to become a threat to our national security so american aid after the war he says made possible Eu ropes col and semi collectivistic experiments dr palal sees as americas international responsibility to bring the nations ot of the old and now new worlds back to common sense and self reliance |