◆ SpookStack

&, . . . ‘ -) of 2 peromt a yoor, leaving a net inoroase in personal stunderds of living of atout - 1 porcoat, or about $1.20 por person lest year = less then a third of a penny a daye How much additional investment in underdeveloped ooumtries is neoded if ade- quate progress is to be made? Mr. Hoffim recently sweggestod that tho underdeveloped eomtries during the noxt ten years sould absorb a five billion doller toolnioal assigience progran mid $50 billion of outside cepitel in addition to whet thoy are now getting from cutside sow'ces (ourrently estimatod et about $$ billion a year). % wilcss there ic disarmenont end the savings are epplicd to this progrem, chances ero that future expenditures on these progrems will not be inoreased = and, in faot, may well be decreased. Tho U.S. has elroady promised large-scale help = 4f and when disarmament ooourse Seid Prosidont Eiscnhower in 1953: "This govornmont is ready to ask its people to Join with all nations in devoting a substential percentage of my savings achieved by real disermenont to a fimd for world aid ad reconstruotione" U.S. opposition to the proposed Special UN, Fumd for Economic Development (SUIFED) has continuslly bern based cn the grounds that, at tho prescnt time, SUSFED is imprnctioal beccuse the demeridy of defense cell for such vast arounts of the world's resources that finds are sinply not availeble for bothe With tho savings from disarmamcat, presumably the U.S. would be willing to move forward to attack this issue on a grend eaolo. Vinet Is Nectod, Peace is a chollenge. It cen be won or losts It is true thot, ve tie president of General Dynenios Corporation” seld revently, "If...there should be my sudden md drastio reduction of defense expenditures, we should have the most serious dosestic. repercussions." Certainly, any wholesale cancelletion of militery Sontrests would ereste chaos. But planing for peace could do mich to lessen the iepest of contract oencollations and the raconversion of the esonomy to poacctire preduotione Probably tho most besic necd in the area of esonomic reconrersion is that of plonuing. If it wore Inow that the national government wore melting ples for oco~ nenic reconversion, this Imowicdso in ond of itself might be sufficient to prevont wry future “peacs scares" on Wall Street. But, of course, it would do morse It wuld essuro workers, industries, cormmities that the impact of cutbacks vould be lesccned. Cortainiy, reoonvorsion could not be om overnight offeir, just as dis- 4 will not take placo between dusk and dera. Thore would be many problems = Sel ed humin « in reconversion. The produotion of rofrigsrators is after Oil quite a bit different fron the produc tion of tanks = difforent metorisls aro used, differcit sills are required, differont tools ore nscded. One of the contributions vinich the Faderal Government could meke is to infitinato en this cubjevi so that tho oh-llcuges which disaricment say meso on thy Sic come mgr bs vacc thout fecv or oiler Such ee place, (ind psycelapiesily 24 might be impo conferones propered to say: "Wore il vt disatmannt, and wo have plans ready for the recone me of ouy delonue ylmrt« to pos 29 production, if we em roach avy acncate") called for befors disrnie tent tm ba ablo to ro te ad fever of siversa! i reli wor when dicaroeneni mney Lesoma 1 vedi But seid Dre Grover Ersles,