Investment: Wall Street's Answer to Lenin

War, said Lenin, "periodically restores the disturbed equilibrium" of a capitalist system. That comment, which is often echoed in the Communist world today, will not help his followers explain Wall Street's reaction to the Viet Nam Moratorium. A sea of demonstrators poured into Wall and adjoining streets, crowding them so tightly that people could hardly move. Hundreds of custom-tailored bankers and brokerage-house partners joined their clerks and college students in a peace march, braving the jeers of hard-hatted steamfitters who tried to stage a counterdemonstration. The peace marchers jammed into a...

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