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Updated: July 20, 2025
It is thus an excellent example of constructive steps to improve the operation of the world economy in ways which can benefit the developing and industrialized countries alike. In particular, the agreement has improved important U.S. relationships with the major natural rubber-producing countries of Southeast Asia.
Nuclear proliferation would raise the spectre of the use of nuclear explosives in crucial, unstable regions of the world endangering not only our security and that of our Allies, but that of the whole world. Non-proliferation is not and can not be a unilateral U.S. policy, nor should it be an issue of contention between the industrialized and developing states.
Our Gross National Product never regained its full potential. Unemployment never returned to normal levels. Maximum use of our national industrial capacity was never restored. In short, the American economy is in trouble. The most resourceful industrialized country on earth ranks among the last in the rate of economic growth. Since last spring our economic growth rate has actually receded.
If that framework is destroyed, the vigour and the energy are lost, and no improvements in the detail can patch up the ruinous weakness in the foundation. If the goal is an increased achievement of the industrialized nation, socialism is bound to be a failure as long as human minds and their motives are what they are to-day and what they have been through the last five thousand years.
There are those who, sincerely or insincerely, still cling to State action as a theoretical hope. But experience with actualities makes it clear that Federal laws supplementing State laws are needed to help solve the problems which result from modern invention applied in an industrialized Nation which conducts its business with scant regard to State lines.
As Vladimir Lukin, deputy speaker of the Duma observed recently, Britain having swerved too far towards America Russia may yet become an intermediary between a bitterly disenchanted USA and an irked Europe and between the rich, industrialized West and developing countries in Asia.
We are building the foundation for truly global cooperation, not only with Western and industrialized nations but with the developing countries as well. Our ties with Japan and our European allies are stronger than ever, and so are our friendly relations with the people of Latin America, Africa, and the Western Pacific and Asia.
Like a hypochondriac who is so absorbed in the processes of his own digestion that he goes to the grave before he has begun to live, industrialized communities neglect the very objects for which it is worth while to acquire riches in their feverish preoccupation with the means by which riches can be acquired.
Our third major foreign policy goal is one that touches the life of every American citizen every day, world economic growth and stability. This requires strong economic performance by the industrialized democracies like ourselves and progress in resolving the global energy crisis.
The bourgeois revolution brought into existence two other classes: the industrial proletariat as an ally and/or an acceptable leader of the peasant masses of Europe. At the same time it enlarged the middle class to a point at which it was able to play a decisive role in the formulation and direction of social policy in industrialized communities.
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