Nixon's Industrial State

Green, Mark; Petkas, Peter
September 1972
New Republic;9/16/72, Vol. 167 Issue 10, p18
Focuses on steps taken by U.S. President Richard Nixon for the growth of corporate socialism in the United States. Statement that corporate socialism in the U.S. is a result of the Nixon's New Economic Policy; Purpose of the policy to aid corporate sector and increase production; Set up of a the National Business Council for Consumer Affairs to allow businessmen to communicate regularly with the President, the Office of Consumer Affairs, the Federal Trade Commission and other government agencies; Provision of direct aid to corporate beneficiaries; Proposal of Nixon to provide bank loans to Penn Central and Lockheed by arguing that the failure of either company would be a serious blow to the economy; Capital investment guaranteed by Nixon for new programs to insure the maximum enlistment of America's technology in meeting the challenges of peace; Announcement of Nixon that patents owned by the government and developed at public expense could be licensed exclusively and free of charge to "responsible applicants"; Features of the tax policy of Nixon to enhance corporate profits.


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