Page:Longines Chronicles with Lord John Wilmot 1951 ARC-96117.ogv/25

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Hazlitt
Now, we want to find out how that situation came about, and some of us over here think British socialism brought about the situation--

Wilmot
Oh, no, no, Hitler brought it about, no, no.

Hazlitt
--created the situation. Now, let's take the situation of--these would be the Argentine, for example, Here you have the British government, which is the sole buyer of beef for the outside the individual can buy, and you have in the Argentine Mr. Perón, who's the sole seller of beef. So you have a sole governmental buyer and a sole governmental seller and you can't get together on the price and the result is the British get no meat. Isn't this part of the picture?

Wilmot
Well, they have got together on the price, it's much too high a price. But when you worry about one seller, it's very foolish to have competing buyers, and you're worried about one seller, you're better off if there's only one buyer.