Longines Chronoscope w/ Wilmot, Lord John - Anglo-American Relations, 25Jun51 Pt. 2 of 2

Longines Chronoscope w/ Wilmot, Lord John - Anglo-American Relations, 25Jun51 Pt. 2 of 2 Continued... Hazlitt: “...let’s take the situation vis-a-vis the Argentines for example: here you have the British Government which is the sole buyer of beef...the indivual can’t buy; & you have in the Argentine Mr. Peron who is the sole seller of beef...& you can’t get together on the price & the result is the British get no meat...” They have got together on the price, it’s much too high...when you have one seller it’s very foolish to have competing buyers...you’re better off to have only one buyer; I wish there many sellers... Hazlitt: But then you have two National Socialisms & one...won’t sell beef to another...” Well, I don’t like the phrase National Socialism; it suggests something to me about which we fought very hard. Hazlitt: “Well it isn’t International Socialism because they don’t get together.” 07:09:04 Huie: “...about Iran...incongruity of your govt...pushed Nationalisation in Britain, opposing the Nationalisation in Iran.” ...in fact there is nothing illogical about it; we don’t dispute the right of the Iranian govt. to Nationalise the oil field, what we do say is they should honor their commercial agreements. Now such Nationalisation is being carried out in Britain, every contract is honored & every piece of private property is paid for at market value; and we ask the Iranians to do the same. Wilmot goes on to discuss the Anglo-Iranian oil contract. 07:10:40 Huie: “What do you think is likely to be the outcome...” ...I’m afraid the oil will go to waste & the economy of the country (Iran) will be ruined. Huie: ‘Don’t you think there is a danger of Russia stepping in there?” 07:11:10 Huie” “...we have been led to believe there is considerable dissillusionment w/ the Socialistic practices in England. Have you personally shared any of that...?” No...very much exaggerated...you’ve got a lot of Socialism in America...I’ve seen the Tennessee Valley Authority which exercises vast powers over an area bigger than England...in New York properties belonging to the Ports & Docks Authority. Now in England that’s still privately owned. 80% of our enterprises in England are still privately owned, but our main utilities like gas, electricity & water are publicly owned & we call that Socialism. 07:12:17 I’m sorry our time is up... Frank Knight closes show; next week the Chinese Ambassador... 07:12:55 Knight does commercial talking over very primitive model of factory. Ends w/ CBS logo. Market Economy; Cold War; Petroleum; Middle East; Socialist; Foreign Relations; 1951; Near East; NOTE: Pt. 1 & 2 sold as single reel if desired.