MUCH THINKING on the nature and methods of our economic system has been stirred up by recent events. The spectacle of the most advanced industrial country in the world suddenly hurled from the heights of prosperity into depression was a shock even to the firm believers in the providential working of natural economic law. Most people have been aroused to a sense of humiliation at the sight of an economically sound country unable to use its resources and to direct its economic destinies.
FRANCO-ITALIAN relations are in the center of the European limelight once again. Just as France and Spain were about to renew their endless discussion of the question of Tangier, Mussolini sent a division of the Italian fleet there, to help the large Italian community celebrate the fifth anniversary of Fascism.