Show WHY W y y ak AM S S 0 kj WEALTHY W ald A L I 1 ay I 1 agitators demanding vast public expenditures on their pot pet projects frequently tell us that england Is rolling in wealth health that it Is the richest country in tho the world that was perhaps true decades ago but matters are very different now hugland england la is poor poor poor it if compared with tile the united states tile the united states are ara fabulously wealthy although they possess only about one twentieth of the population of tho the world they havo have halt the worlds wealth and have moro half the worlds gold diamonds pearls and precious stones ot of every emoryl kind the turo wealth of a nation can best bo be measured by the condition of the masses the prosperity of tho the american workers Is almost more afore or less unskilled men such buell as carters builders laborers etc earn 46 45 pounds per laborers etc earn per day vast numbers of skilled workers ea earn rn 1000 pounds sterling a and n d more per year yea r the aWer assertion tion that americas america wealth belongs to the few that tho the high coat cost oi of div biving ln g counterbalances the high high wages prevailing is incorrect tho the white population of the united states have not merely twice the number of telephones and motor cars ca ra that there are in this country but havo have tift fifteen een times as many to every three families there are two telephones and two motor cars millions of unskilled workers have not only roomy houses which belong to them but have a telephone a motor car and other luxuries of which english working men scarcely dream before the war english savings came to about pounds sterling per year although the american people aro are terribly extravagant their savings are estimated to come to pounds per year last year tile the Aillo americans ricans spent on oil motor cars cara antl and trucks alone it if we add the expenditure of garages etc tile the motor car expenditure last year exceeded it Is frequently stated that tile the united sates owe iticia vast wealth to the asses possession ion of their great nil 11 ural resources to the poss possession assion of a f fruitful lithul agricultural plain extensive exten siva forests ro rests rich mines etc that explanation is fallacious every student tilt ot Is aware MCA ae en rican can economics the bulk ot of americas vast income is furnished not by the farms mines minea cid forests for egts but by the factories and workshops the united states are foremost in tile the world not only by the of their cotton fields forests coal mines iron mines anines etc but also by tile the output ot of their manufacturing industries indu with existing arrangements arrange menta this country can produce 1 2 tons of steel per year that figure has been reached the united never instates states can ann produce it at least tons of steel per year they produce far more than half of the steel and of the products tor for tile the 1 voiad orld made of steel among other things about abot 90 per cent of the they produce cc the worlds moor cars both in their 1 own country and in branch establishments q abroad of new york alone i in tile the elty city more building ng takes place 0 01 the united the whole ithan than in industries of kingdom the textile the republic consume considerably more cotton than the he whole country in the production of 9 boods ma made de brass brasa rubber woo wood d from copper cop pr leather pac americas superiority is overwhelming in viet 1 tf l these facts coddens Cod bens bans prophecy england la Is andl always will remain tho the workshop w 0 of tho the world Is ridiculous why aro ar u tho the americana Amori caus foremost in the world not only tit in tho the output of food and raw products but also in that thai of manufactured goods the ahson Is obvious to all who are acquainted quain ted with oco economic conditions on oil both sides of the atlantic errand which used to be tho the of individualism and 0 of oni clency has become ft a stronghold of socialism owing to socialist influence ca canny has become universal the suicidal idal policy of 0 restricting output has led to hostility to laborsaving machinery tile tho result Is that tho the average american produces produce a as much at aa a a three E english workers goods produced must bo be consumed they are consumed and enjoyed chiefly by the working masses production being three times as great in tile tho united states as over here the workers receive not merely throe three times as much real wages in the he form of goodfe which they can can buy hence tile ilia american workers are infinitely bettor fed clothed and housed than the british workers the american worker recognizes that prosperity pros consists in an aban arnce of useful goods and nothing else eke and that such abundance cannot bo 60 created by insisting on high wages in respect of an utterly insufficient output ile he recognizes that capitani and the ha laborsaving labor saving machine are his friends not his enemies hence tile the american worker can afford a motor car and other things which in this par parn filse of trado trade unionism of socialism in of ca canny are ot of the rich and of the well to do I 1 |