World Events

Authors

  • Scott Nearing

DOI:

https://doi.org/10.14452/MR-010-02-1958-06_4

Keywords:

Imperialism, Political Economy

Abstract

United States economy is in the throes of a business recession which began in mid-1957 and is still continuing. Production has been declining for almost a year. A few happiness boys continue to wear huge badges on their lapels reading "Business is Good" and "Business is Wonderful." But most intelligent citizens are admitting that despite the boasted built-in economic stabilizers, the business cycle of boom-and-bust still functions. Even the President has ceased to be emotional about the matter and uses "recession" and "depression" without apologies.

Published

1958-06-03

Issue

Section

World Events