4- job that has been done by some companies in some areas. The truth of the matter is that until very recently private enterprise had the field to itself, and only relatively recently has communism as a means of developing industrial growth and a rising standard of living made its presence known as a challenger. If all you hold out to the common man in South America or Asia or Africa is the hope that his lot will improve under a continuation of the kind of economic system that he has experienced in the past, we have little chance for survival. Indeed, in many of the underdeveloped nations free enterprise almost unfettered by controls has held sway for centuries, and today's result in many instances is still widespread poverty and ignorance with little prospect for the individual to better his lot or to provide an improved future for his children. We cannot hope to succeed in the future if we insist on functioning as we have in the past. Abroad as at home, private enterprise must have a social conscience. The third assumption that I challenge is particularly deeply ingrained in United States foreign policy, namely that democracy is the only acceptable form of government for all countries and that any other form of government is necessarily evil. This completely ignores the fact that to succeed democracy is dependent upon an educated and informed electorate, a factor simply not present in most of the underdeveloped countries of the world today. Much as we may regret it, the hard facts of life require that economic discipline must be employed and this may not be possible under a freely elected democratic state where the constituency can comprehend its ambition for a higher standard of living but cannot understand the means by which this must be accomplished. Another false step that we insist upon taking is an effort to make reform the necessary handmaiden for foreign aid. The Alliance for Progress in effect