--U.S. v. PRIVATE INDUSTRY--: U.S. v. PRIVATE INDUSTRY

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!