The Government Is Getting Out of Business
AS part of his campaign platform, Dwight Eisenhower promised to take the Government out of competition with private enterprise wherever possible. Since the Federal Government was running some 100 types of business, in which it had sunk $40 billion (TIME, July 13, 1953), keeping this promise has turned out to be a big order. Nevertheless, the Administration has chalked up notable progress. Last week, in its biggest single step to eliminate competition with private business, the Government sold 24 of its synthetic rubber factories. Thus, with a pen stroke, it turned over to 15...
To continue reading:
or
Log-In
