1962FINANCE
BORING TALKING HEAD. DR. JOHN COLEMAN EXPLAINS THAT COMPETITION BEGETS LOWER PRICES, PROVIDES GREATER VARIETY OF PRODUCTS AND IS GENERALLY FAVORABLE TO ALL CONSUMERS. EXAMINS HOW GOVERNMENT AND BUSINESS MIGHT VIEW FOUR SUBJECTS OUTSIDE THE AREA OF COMPETITION: MONOPOLY, LABOR, PROFITS AND SUBSIDIES - AND ILLUSTRATES A SELF-FULLING PROPHECY: IF BUSINESS BELIEVES THAT GOVERNMENT IS ANTI-BUSINESS, BUSINESS WILL BECOME ANTI-GOVERNMENT. THUS THE "CLIMATE" BETWEEN THE TWO CAN DETERMINE HOW WELL AMERICA WILL ACHIEVE STABLE PRICES, FULL EMPLOYMENT, CONTINUED GROWTH AND ECONOMIC FREEDOM. ECONOMIST USES VISUALS TO MAKE HIS POINT MADE. TALKING HEAD LECTURER. RELATIONSHIP BETWEEN GOVERNMENT AND BUSINESS. ECONOMIC SYSTEM TAT USES COMPETITION IMAGINARY. PRODUCT OF TV ON WRIST WATCH. COMPETITION IN THE MARKET PLACE. CONSUMER HAS CHOICE. ANTI-TRUST LAWS. EXAMINS CASE BETWEEN YOUNGS TOWN STEEL AND BETHLEHEM STEEL. WHO WANTED TO MERGE COMPANIES. COLLECTIVE BARGAINING AND LABOR UNIONS. STEEL COMPANY PROPOSED INCREASE IN PRICE OF STEEL IN SPRING OF 1961. REFERENCE TO "ALICE IN WONDERLAND" CAUCUS RACE. GROSS NATIONAL PRODUCT GRAPH. DAVID SCHOENBRUN SHOWS RESULT OF GALLUP POLL TO THE QUESTION "IS JFK ANTI-BUSINESS?" RESULTS SHOW THAT IT'S MORE OF A POLITICAL ISSUE THAT A BUSINESS ISSUE.
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| 01:17:31 2.51 |
MS OF MAN IN SUIT TALKING ABOUT ECONOMICS, SELF FULFILLING PROPHECY, ZOOM OUT TO CHART WITH LOTS OF HEADS
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| 01:18:25 56.46 |
GRAPHIC- ABOUT DEPRESSION
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| 01:18:32 63.24 |
MS OF MAN AT CHART TALKING ABOUT THE SELF FULFILLING PROPHECY ASPECT OF ECONOMICS
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| 01:18:42 73.11 |
MS OF MAN TALKING BUSINESS, NO CHART
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| 01:19:16 107.62 |
MAN TURNS LARGE DISPLAY, CUTS TO GRAPHIC DETAILS ABOUT BUSINESS AND GOVERNMENT AND ANTI-BUSINESS AND ANTI-GOVERNMENTAND SELF-FULFILLING PROPHECY
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| 01:19:37 128.24 |
TALKING HEAD AND DISPLAY CHART, TALKING ABOUT CLIMATE OF RELATIONSHIPS BETWEEN GOVERNMENT AND BUSINESS,MAN WALKS OVER TO NEW DISPLAY BOARD WITH ILLUSTRATION OF HOUSES
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| 01:20:32 183.22 |
CUT TO CU OF GRAPHIC WITH ILLUSTRATION OF WRISTWATCH TELEVISION SET, MAN APPLIES A PRICE OF $ 600., THEN 400 DOLLARS, THEN 300 DOLLARS, MAGNETIC LABELS FALL DOWN
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| 01:21:19 230.24 |
MS OF MAN TALKING ABOUT COMPETITION IN THE MARKETPLACE, CUT TO CLOSER SHOT OF MAN ASKING WHY WE BELIEVE THAT COMPETITION IS IMPORTANT INT THE UNITED STATES
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| 01:23:02 333.22 |
CU OF DISPLAY BOARD WITH ILLUSTRATION
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| 01:23:08 339.71 |
MS OF MAN AT DISPLAY, CUT TO MAN TALKING ABOUT INDIVIDUALS HAVING THE FREEDOM TO ACT INDEPENDENTLY IN THE US, ASKS QUESTION ABOUT WHETHER OR NOT WE WANT TO LIVE IN A COMPETITIVE SYSTEM
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| 01:24:42 433.29 |
MAN WALKS ACROSS STAGE SET TO NEW DISPLAY ABOUT MONOPOLIES, TALKS ABOUT ANTI-TRUST LAWS, HE EXAMINES THE CASE BETWEEN YOUNGSTOWN STEEL AND BETHLEHEM STEEL, TWO STEEL COMPANIES THAT WANTED TO MERGE AND WERE DENIED BY THE GOVERNMENT
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| 01:27:23 594 |
ECONOMIC LECTURER WALKS OVER TO NEW DISPLAY ON LABOR, TALKS ABOUT UNIONS AND COLLECTIVE BARGAINING, ASKS IF IT IS FAIR TO HAVE ONLY ONE UNION REPRESENTING ALL THE WORKERS IN MANY COMPANIES, "WHERE ARE THE ANTI-TRUST LAWS HERE ?". THINKS THAT GOVERMNMENT FAVORS LABOR'S SIDE
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| 01:28:20 651.54 |
MAN WALKS TO NEXT DISPLAY ON THE ISSUE OF PROFITS, MENTIONS THE PROPSED INCREASE IN THE PRICE OF STEEL IN 1961, COMPANIES WANTED MORE MONEY TO MODERNIZE THEIR PLANTS TO BE COMPETITIVE IN THE WORLD MARKET, SUGGESTS GOVERNMENT DOESN'T UNDERSTAND COMPETITION
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| 01:29:38 729.38 |
MAN STEPS OVER TO NEXT DISPLAY ON SUBSIDIES,THE GOVERNMENT SUBSIDIZES THE MARITIME INDUSTRY, WHEAT GROWERS AND MINING INDUSTRIES
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| 01:30:34 785.16 |
ZOOM IN ON SPEAKER AS HE PIVOTS AROUND TO TELL THE STORY FROM THE GOVERNMENT'S POINT OF VIEW, HE REVISITS THE PROPOSED MERGER OF STEEL COMPANIES, CUT TO SPEAKER TALKING ABOUT COLLUSION
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| 01:32:35 906.24 |
SPEAKER CONTINUES WITH DISPLAY ABOUT LABOR VIEWED FROM THE GOVERNMENT'S POINT OF VIEW, ASKS IF BUSINESS UNDERSTANDS THE NEED FOR UNIONS, AND CAN BIG UNIONS HURT THE COUNTRY
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| 01:33:52 983.15 |
SPEAKER CONTINUES TO THE SUBJECT OF THE REAL ROLE OF PROFITS, BRINGS UP THE PROPOSED STEEL PRICE INCREASE
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| 01:35:11 1062.86 |
MAN MOVES TO NEXT DISPLAY ON SUBSIDIES, MENTIONS THE "ALICE IN WONDERLAND" CAUCUS RACE, WHERE "EVERYONE HAS WON AND EVERYONE SHALL HAVE PRIZES", GOVERNMENT BELIEVES PROFITS SHOULD BE SHARED
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| 01:36:41 1152.73 |
MAN MOVES ACROSS SET TO FIRST DISPLAY BOARD AD SUMS UP HIS LECTURE ON THE SELF FULFILLING PROPHECY OF GOVERNMENT AND BUSINESS, MAN TURNS DISPLAY WITH WORDS CONSUMER, INVESTMENT AND GOVERNMENT
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| 01:38:42 1273.54 |
MS OF MAN TALKING ABOUT WHETHER THE GOVERNMENT IS ANTI-BUSINESS, SUGGESTS WE KEEP A BALANCE AND MOVE AWAY FROM FEAR
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| 01:39:11 1302.98 |
MAN WALKS OVER TO RESULTS OF CHART ON THE GORSS NATIONAL PRODUCT, SUMS UP THE TYPE OF ECONOMY WE HAVE HAD AND WILL HAVE IN THE FUTURE, BASED ON RATIONAL EXPECTATIONS AND NOT FEAR
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| 01:40:56 1407.52 |
DAVID SCHOENBRUN SHOWS RESULTS OF GALLUP POLL IN WHETHER AMERICANS THINK PRESIDENT KENNEDY IS ANTI-BUSINESS, VERY FEW POLLED AGREE, MAN SAYS IT IS RELATED MORE TO POLITICS THAN TO BUSINESS, ALL AGREE IN GREATER GROWTH, "MAKE THE PIE BIGGER FOR EVERYONE"
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| 01:42:51 1522.57 |
END TAPE
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