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Show Modern Industrial Machinery Opens Road to the Ending of All Poverty By DEAN DEXTER S. KIMBALL, Cornell University. FOR the first time since the world began we are in touch with the abolition of poverty through the tremendous output of our products. prod-ucts. Regardless of what other factors may have contributed to the stabilization of this prosperity, a large amount of credit was unquestionably unquestion-ably due to the rank and file of American management, for competition has been increasingly keen and the margin of profit; consequently declining. de-clining. Today we have silk-competing with rayon, leather with artificial leather, copper with aluminum, etc, and, furthermore, manufacturers are taking over distributing functions, thereby competing with jobbers, and some retail stores are doing manufacturing. The equilibrium between supply and demand can therefore be maintained main-tained under conditions of an increasing production if all savings are invested in permanent capital goods. Since primary forces are increasing the purchasing power of the masses, the maintenance of this fundamental situation is more important than to overpersuade in the matter of buying. If unemployment can be kept down and wages kept up, there will be a constancy of ever-increasing purchase power. |
