Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 17, No. 1. March 4, 1953
Mr. dank's address had no title, but in a general sense was on economic policy. Political parties were divided to give a right wing drawing sustenance from an eighteenth century philosophy which Mated that given certain inalienable rights, natural laws would take care of the rest. The left wing had a positive economic approach that society could not be left alone in atomistic groups. Neither the "laissez faire" conservative form on the restrictive socialist form had ever worked in an intellectually pure form. The great debate of capitalism versus socialism was out of date. The previous attitude towards slump had been "laissez faire." a withdrawn academic attitude. The socialists Attempted to fight slump with the welfare state. Mr. Danks discussed the implications of the welfare stale. He then went on to discuss the implication of the open and close methods of dealing with inflation, this being the main differences between the two main political parlies. Me connected the points made with the various countries in which there was a two party, i.e.. a right and left political system Mr. Danks was of the opinion that the future major economic problems with which the parties would have to contend would be inflation rather than deflation.