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From International Socialist Review, Vol.20 No.1,, Vol.20 No.1, Winter 1959, p.18.
Transcription & mark-up by Einde O’Callaghan for ETOL.
American billionaires are withholding investments in Asian and African lands because of their “fear of expropriation,” according to the Dec. 7 New York Times. But these “also are the regions in which the Communist ‘economic challenge’ is being most vigorously pursued.”
Philip Cortney, chairman of the United States Council of the International Chamber of Commerce and president of Coty, Inc., came up with the following solution to the problem:
“It will require more intelligence than dollars, enlightened selfishness and unselfishness of the free nations and people, a great responsibility of their leaders, if we are to stave off the flux of the barbarians. So help us God.”
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Last updated on: 2 May 2009