Salt Lake Telegram | 1932-07-14 | Page 4 | Economic Situation Man Made, Expert Holds

Economic Situation Man Made Man Expert Holds Holch The same principles of ot control of material and md production that are used successfully in individual industries in in- in this country would go far farIn farIn farin in remedying the present economic situation if it they were applied on a national or International scale Professor Professor Pro Pro- fessor lessor Myron A. A Lee of the Cornell university college of engineering con con- tends Professor ProCessor Leo Lee explains that AmerIcas AmerIca's Amer- Amer leas ca's Increasing productive effectiveness effective ness through the use of expensive equipment and decreasing amounts of manpower has outdistanced development development develop develop- ment meat of distribution of ot the fruits of this increased production The present present present pres pres- ent world depression cries out he h says for national and international control following the lines laid down downy by y the experience within industries The situation sib in this country is just the he reverse of ot what happened in Rusala Russia Rus Rus- sill ala a short time ago Professor Lee holds There there were factories well equipped with wilh plenty of material material material mate mate- rial and labor but without reasonably expected ted output R Russia lacked adequate adequate adequate ade ade- quate control within her industries although national control ol undesirable undesirable undesirable able from the American viewpoint prevented an unemployment lem cm America ha has plenty of ot capital equipment and labor and plenty of ot consumers who desire the things its productive capacity can make Unemployment Unemployment Unemployment Un Un- employment prevents the tHo potential consumers from purchasing Professor sor Leo Lee diagnoses the problem as one primarily of distribution We have reached the point where ind industrial leadership must become in- in interested crested in national control of production production pro pro- and distribution with governmental governmental governmental govern govern- mental and financial leaders extendIng extending extend- extend Ing ng constructive cooperation he says ays The economic situation economic situation today is absolutely absolutely ab- ab manmade Professor Lee e de dares lares It might not have been beer brought about if government off i clam financiers and those responsible for or distribution had worked as effectively effectively Ively as the industrialists who made possible Americas America's high rate of pro- pro