This policy. if followed to its logical conclusion. means that ultimately all capital expenditure must come from government sources. since no private capital would be available for such investments. It Is the same general policy adopted by the administration in regard to the socalled strategic and critical minerals and materials productiona policy that we are a "have not" nation. and must import such rhinerals and materials from the lowwage foreign countries. Then the administration proceeds to adopt a selective freetrade policy. through the Reciprocal Trade Act. thereby putting our highwage. highlivingstandard workers in direct competition with the lowwage. lowlivingstandard European and Asiatic worker. and bringing about the very scarcity which the administration predicted in the first place. The chairman of the New York Stock Exchange. Mr.
Identified stereotypes
European and Asian workers are characterized as low-wage and low-living-standard.