Abstract

Editorials

The article focuses on recent issues in the United States. The results of the Dumbarton Oaks, Washington D.C. conference has been laid before the public for judgment. The submission is accompanied by a warning that the proposals in their present form are neither complete nor final. But this apparent frankness is far from disclosing either the extent of their incompleteness or the degree of their finality. Many questions long under discussion have been definitively answered. The general organization will embrace economic and social welfare as well as security. Regional associations will be coordinated with the general organization. Some measure of agreement has been arrived at in the post-war thinking of government, labor, and the more progressive section of the business community in the United States. They are agreed on the necessity for full employment. They are agreed that where business activity falls short of achieving full employment, government spending must close the gap. They are agreed that the federal budget cannot safely be balanced until the full employment level has been reached.