There is nothing inevitable about extreme business fluctuations any more. Weapons are at hand capable of controlling a boom, and of offsetting and shortening a depression. If we use these weapons intelligently, we are the masters of our economic fate.
With this credo, the editors of FORTUNE last week introduced, in the third of their series of post-war supplements, their blueprint for a new and better U.S. economic system. In acceptance of many of Franklin Roosevelt's works—social security, "pump priming," recognition of labor unions, vigorous trust-busting—this document might have been written by a zealous New Dealer. But in its overriding faith in...
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