Abstract

Editorials
August 15, 1959 issue

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The article discusses various topics related to U.S. politics and economy. The experience of the last three decades shows quite clearly that American capitalism, whatever its merits, needs at least that much government spending to hold the oscillations of the business cycle within tolerable limits. The often cited spending for welfare is not a realistic alternative. It is unacceptable to capitalists for the perfectly sound reason that it does not yield profits to private enterprise nor permit accumulation of private capital. Leslie Fiedler, who has long been a controversial figure in literary circles, has now become a center of controversy at Montana State University, where he is the most renowned member of the English Department.

See Also:

UNITED States -- Economic conditions; UNITED States -- Politics & government; CAPITALISM; EXPENDITURES, Public; BUSINESS cycles; UNITED States
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