INVESTMENT IN PEACE
PEACE CAN BE WON, by Paul Hoffman; Michael Joseph. English price, = ME: HOFFMAN is the ex-president of the Studebaker Corporation, "politically a Republican and a keen protagonist of capitalist economy"-to quote the note on the author, who administered Marshall Aid in Europe from 1947 to 1950. As he frankly acknowledges, the book was written by members of the staff of the Economic Co-operation Administration; it is’ aimed at the U.S. public, or more precisely, the-U.S. Congressmen, to show that foreign policy should not be confined to the military front only, but should be conducted also on the economic, political and propaganda fronts. In short chapters an outline of activities proposed for the U.S.A. is given under these three headings and an anuual budget proposed as follows: Economic aid to those countries important tothe security of the U.S., $2,000,000,000; political activities, $350,000,000; propaganda, $300,000,000; contingencies, $300,000,000; total, $2,950,000,000. It seems a lot of money, but in the U.S.A. it "is around one per cent of our gross national product," and "must be regarded as one of the bestpaying investments ever made by any
people, any time, -anywhere.
W.B.
S.
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New Zealand Listener, Volume 26, Issue 656, 1 February 1952, Page 11
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191INVESTMENT IN PEACE New Zealand Listener, Volume 26, Issue 656, 1 February 1952, Page 11
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