THE MICHIGAN DAILY THE MICHIGAN DAILY Official Publication of the Summer Session through coercion, shares its profits with the work- ers. Profits are yet recognized as the principal in- centive to industry. None of the government's policies question the right of the entrepreneur to profits, or of the investor to dividends. Under this type of industrial policy unemployment is inevitable. As has been pointed out above, the re- covery program carried to the best possible con- clusion would leave over 4,000,000 workers un- employed. Are we pursuing a system that at its best defeats the public welfare? This is the question that stalks in the background of all the Administration's lib- -a ---x Publisned every morning except Monday during the Univ~ersity' year and Summner Session b the Board in Control of Student Publications. Member of the Western Conference Editorial Association and the Big Ten News Service. Asodated goUleiate '$vess 1- a 933