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Bernard Baruch, 75 Years Old, Urges “human Demobilization;” Predicts Post-war Prosherity

August 20, 1945
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Bernard Baruch, seventy-five years old today, considers the problem of “human demobilization” more important than anything else facing the country at the present time. Interviewed on his birthday at his home at Sands Point, L. I., he said he was convinced that it would be possible for the United States to have a long period of post-war prosperity “if we use the brains God gave us.”

Mr. Baruch emphasized that he believes that the political and economic system of the United States “is the best in the world.” The vogue of collectivism he ascribed to “political emotionalism.” He was not concerned, however, for the American people, whom he thought, would never consent to be collectivized. At the same time he saw no need of the American and Russian systems coming into collision. “Both,” he said. “could survive according to national preferences, only our way is still the best for us.” Russia and America could remain friends and must do so, Mr. Baruch declared.

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