Business: Latest Voice of Doom

When Europeans are not worrying about McCarthyism or the lack of culture in the U.S., they are worrying about an American depression. Ever since war's end, many European economists and politicos have clearly seen the catastrophe—just around the corner. The latest doomsayer: Colin Clark, Australia-born economist, Oxford teacher and author of The Conditions of Economic Progress and four other books. Clark as early as 1942 foresaw the great American postwar boom and also won applause for demolishing phony Soviet statistics of vast economic progress in the U.S.S.R.

In the Manchester Guardian Weekly last...

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