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said that the United States, through its businessmen, goes in, buys up the main resource of a country, and then sits back and controls the purse-strings of that country. We have made Latin America our modern colonies, the source of our raw materials and a market for our finished products. The only responsible way to insure Latin America development is to Vac the Indtert Ayal whe allow the individual governments to assume concrol of the resources. But, since this would, in effect, force us to abandon our high standard of living, we discourage nationalization. Indeed, said ggpmm@, we need a sort of governmental intervention in our own economy. because of our discriminatory policy toward the military in Latin America. This policy has been smart from our point of view, since we have aided only those who have agreed with us. "We the public have been hoodwinked to believe that nationalism is Communism," he said. The nationalists are the only kind of people who have the best interests of their countries at heart. Er commented on this - if the United States continues its current policy toward the Latin American states, there may well be an explosion. alienate, commented that we should have the same —~—_. th Mexico. Sy . ae Ss: QP ra sort of relations with Cuba as we have In the afternoon, Taebte. ~ aw qa; spoke on the Latin American situation from wne standpoint of a Latin American. The nations of Latin America have a real sense of community, he said. There are a number of common Genominators among the Latins, among them language - Spanish and Portuguese = and the backwardness of the people. This backwardness of the people, together with the inadequacy of the governments to meet the demands of the people, have contributed, and are contributing, to the great social mm Den Teta Amawd an in jus tice Lia pe CLT AUG) toa ow went on to discuss the economic situation and that the United States was exploiting Latin America and that 40 percent of all U. S. profits earned by U. S. capital abroad came from Latin America. He discussed the oligarchy in Latin America. The oligarchy censes certain unrest and attempts to stop it but cannot. There will be a revolution in Latin America, he said, | - 36