Longines Chronoscope w/ Wilmot, Lord John - Anglo-American Relations, 25Jun51 Pt. 1 of 2

Longines Chronoscope w/ Wilmot, Lord John - Anglo-American Relations, 25Jun51 Pt. 1 of 2 Title sequence; Frank Knight does commercial over watches. 07:02:02 Introduction of Henry Hazlitt, William Bradford Huie & guest Lord John Wilmot. Huie: “You mean you are a Lord and also a Socialist?” Explains he’s a member of the Labour Party. Hazlitt: “What’s your...opinion of this Malik offer...?” ...we’ve got to be cautious... Huie: “...I believe you’ll agree that there’s been a great deal of criticism...of what we think is a soft British policy towards Red China...” ..we’ve no soft policy, not at all; we are w/ you, as Mr. Attlee said, in fighting aggression...but we do hope that we shall carry the Korean War to victory...& the victory will be when we’ve turned the aggressor out of South Korea.” Hazlitt: “Has there been any embarrassment...that the British recognized the Chinese Communists & the Chinese Communists haven’t recognized them back?” ...some misunderstanding about it...we recognized it as a matter of fact, not as a matter of approval... Hazlitt (?): “Are you in favor of admitting Red China now to the United Nations?” Certainly not while this aggression goes on...! Huie: “Are you in favor of the Red Chinese signing the Japanese Peace Treaty?” No... 07:05:46 Hazlitt: “...a lot of Americans are interested in your domestic situation...an Englishman has only about 9/10 worth of meat per week...about two good mouthfuls...how did you get into that position...?” Well, meat costs dollars, & dollars are very scare. Hazlitt: “Well haven’t they simply been made scarce by the British Government?” No sir, they were made scarce by Hitler; we spent our overseas dollars buying munitions of war before America came into the war. Hazlitt: “When you say ‘our dollars’ though you’re speaking of the British government’s holdings of dollars.” No, no; private citizens! Hazlitt: “Well the private citizen isn’t allowed to have any holdings, he has to turn them over to the government, doesn’t he?” That’s right. Hazlitt: “So therefore that’s why he can’t buy meat w/ his own holdings because the govt. takes the dollars over, isn’t that the situation?” ...that’s done because we have to mobilize the dollar resources of all British citizens in the first years of the war when we had to pay cash in America & South America for what was necessary to carry on the war against Hitler. Hazlitt: “Do you think it is still necessary...to confiscate...the foreign exchange holdings of its citizens & not allow...to buy what they want to buy w/ it?” Well, very few citizens have got dollar resources. Hazlitt: “...they would...if they were allowed to keep them, wouldn’t they.” ...the best thing...is to pursue a policy of reasonable fair share...w/ so little, we have to spread it around...evenly. ...we couldn’t really tolerate the situation if a few people ate as much as they liked & the rest of the people went without. Hazlitt: “Yes, but you’ve got a situation where they’re all going w/out...we want to find out how that situation came about, & some of us over here think that British Socialism brought about the situation.” Oh no, no, no. Continued... Foreign Affairs; WWII Economics; Post-WW2; Economy; Food Rationing; Currency Exchange; England; Great Britain; 1951; Communism; Cold War NOTE: Pt. 1 & 2 sold as single reel if desired.