• U.S.

POSTWAR: N.A.M. Looks Ahead

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The “New Realism” about the U.S. position in international affairs percolated down to the conservative National Association of Manufacturers last week. Attracted by the theory that in internationalism lies the best future protection for American self-interest, the N.A.M.’s postwar committee presented a program that would have created a sensation in so-called hardheaded business circles as recently as two years ago.

A main point was that “orderly international relations . . . are incompatible with both the payment and the receipt of reparations during a prolonged period.” N.A.M.’s recommendations:

>No reparations at all for any nation, except for losses due to such nonmilitary damage as looting.

>No U.S. insistence upon payments for Lend-Lease. N.A.M. plumped for writing off all Lend-Lease balances over a period of 25 years, with “payment” confined to anticartel agreements, equal access to the world’s raw materials, airways, etc.

>A World Board of Trade to formulate international commercial policy; an International Loans Tribunal (proposed by the League of Nations in 1939) to settle international trade disputes.

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