Such a conception of industry in relation to the public 
interests obscures the wider vision which sees that the 
needs of the twentieth century call for a conscious planning 
and regulation of the national economic life as an essential 
part of an international economic policy, based upon a 
recognition of the increasing interdependence of nations 
and the necessity of replacing wasteful competition and 
selfish antagonism in commercial relations by the greatest 
measure of co-operation and agreement. By no other means 
can the peoples of the different countries benefit from the 
enormous powers of wealth production which exist to-day, 
the grave problem of unemployment be solved, and peace 
and amity between nations secured. For, as the World 
Economic Conference declared in 1927—* economic con- 
flicts and divergence of economic interest are perhaps the 
most serious and the most permanent of all the dangers 
which are likely to threaten the peace of the world. No 
machinery for the settlement of international disputes 
can be relied upon to maintain peace if the economic policies 
of the world so develop as to create not only deep divergences 
of economic interest between different masses of the world’s 
population, but a sense of intolerable injury and injustice.” 
It is in that spirit the organised workers in the iron and 
steel industry submit their statement and proposals fer 
examination bv the British public. 
THE IRON & STEEL TRADES CONFEDERATION, 
SwinToN HOUSE, 
824 Gray’s INN Roap, 
Loxpon, W.C.1 
May, 1981.