Discussing Controls Grnd Subsidies

The Los Angeles Times, one of the most powerfully edited newspapers in the nation, sa,id some things in its lead editorial of March 17 that businessmen generally will consider with deep' interest. It starts by quoting the great French thinker, Montaigne, who said four hundred years ago: "It is common to see good intentions, if they are carried out without moderation, push men into very vicious results." And another Frenchman (not named) is quoted as saying: "The excesses of the virtuous are more dangerous than those of the vicious, because they are not restrained by conscience." The editorial, in part, says:

"The trend toward socialism which has been a feature in many countries during the past couple of decades is one of the bad effects of good intentions which Montaigne had in mind. The whole world has had more or less of it, partly as a result of I great depression whose causes are still not generally understood, and partly as a result of dislocations by war which followed the depression. One of the effects has been the reliance on controls, despite a long history of unsatisfactory results. Price control, rent control, building control, raw material control, manufacturing control, export and import control, money control, marketing control, all were put into effect to cure what seemed specific evils which could not otherwise be dealt with; and which produced other evils which could have been forseen Price cqntrol produced the black market; rent control froze building so that new homes were not being constructed; raw material control resulted in waste and