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Page 4 · column 2 of 3 · from the scan, no model involved

The clipping this text was read from
The clipping this text was read from

“Earnings,” of course, means “profits,” and that’s what really makes the Communists scream; Because—as these facts make plain—the spread of business ownership in the U.S.A. is making American business increasingly the property of its workers and its customers . . . more and more management is just people hired to do a job for the stockholders—-and paid only as long as they do it.

What particularly irritates the Commies is that this uniquely American “spread the profits” idea is practically an unlickable system that can be beaten only by countless millions in false propaganda—or (as they hope) by sheer American stupidity. The worker who has put his savings into life insurance to protect his family and educate his children is apt to think twice before he endangers the profits of U. S. business in which his insurance funds are invested. If the worker is also a customer, then he has a triple stake in business “profits”—for only a healthy, earning business can spend the large sums on plant and research needed to keep turning out an improved product at lower cost, whether that product is television, a new “wonder drug,” a better train ride or a motor car.

So the next time you hear some well-meaning but misguided person remarking that “stockholders” are not as important as they used to be, we respectfully suggest that you call these facts to his attention.

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