Abstract

Priorities and Defense
Stone, I. F. | November 9, 1940 issue

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The austerely non-partisan note struck by the former president of Bethlehem Steel Eugene G. Grace's latest pronunciamiento on labor evoked a deplorable glee among supporters of the New Deal Policy. Grace's quarterly report raised a crucial issue, which centers about the word "priorities." It is really the issue of monopoly in a new guise, the old struggle against a vested interest in scarcity made fiercely urgent by needs of defense. According to him, "Priorities" give right of way to defense contracts. Priorities are only necessary when productive capacity has become inadequate.

See Also:

MONOPOLIES; INDUSTRIAL priorities; RIGHT of way; DEFENSE contracts; LABOR; GRACE, Eugene G.
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