A new deal for business and industry in which private initiative will be encouraged rather than “etatism” (state controlled monopoly system) was outlined here today by Deputy Premier and Finance Minister Eugen Kwiatowski.
M. Kwiatowski emphasized that the government will remove all obstacles toward economic recovery while at the same time strengthening the position of the rural population, which is the chief consumer of industrial products.
The government, it was stated by the Finance Minister, will invite all sections of the population to partake in the program of economic reconstruction upon which it is embarking.
Jewish trade circles today expressed satisfaction at the new cabinet’s economic policy. Emphasis on private initiative, it was pointed out here, will react favorably to Jews in business and industry whereas the tendency toward monopoly was resulting in a squeeze-out of Jews from their economic positions.
The stock exchanges also reacted favorably to the news, prices of Polish government securities rising sharply.
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