Norwich bulletin., 1920-12-24

below the various "subsisteuce" ana Comfort" standards fixed by professional domestic economists. That shows our trouble is not ''over-production." If t Were thay would have the surplus they now lack. Instead the. trouble is under consumption" because they aren't abe to obtain the minimuin called for by prop CT living standards.
 Why this uLder-consumptioni yari- ous reasons are assigned.
 First. great many people are out. of work. L e. without income and so can't buy even what they need. If these men were at work producing they would be in creasing the wealth and thereby raising the general well-being of the country. Second, the classes which used to buy articles of luxury have had their profits cut, their investments sliced down. their incomes reduced. Hence the production and sale of luxuries have slowed down as have those of necessities. The writ CT adds that here is an amazing para dox-over-production in a world where the majority never get enoughNa sag in the effective demand for goods at the 1 very time when the real demand, the lIu- nland demand, is at it's peak" D :-stf | And then he goes on: If single mail order house or department store. hacked 1 by Its own factories and farms, had 3 national monopoly on all goods and al lowed such things as this to happen. it would be justly accused of bad 1T man agement. When the business mem and manufacturers of the country. asfsiia whole. allow 1t to happen they also car be accused of bad management The req. son for ehese wild fluctuations is igror ance-ignorance both of human need. and of the public,s purchasing poweti | business were as much a science as agri culture is. serious Impressions would ne occur. For consumption is relatively constant tending to increase; 1t Is pro duction. based on guesswork, which fiuct uates widely to one extreme and the oth CT"
 Some of you I know have smised { little coDtemptuously over my occasion al comments on the manifest blundering of our business leaders, as shown by tn swamps of trouble into which they ar forever leading us. Some have sneere, at my criticisms as the outbursts of cotn trified ignorance, and some have loftil- put them one side as nossibiy tn ebullitions of envy. have therefore quoted this from New York city edi tor. published in New York city news paper, to supplement and fortify my con tention that the trouble with business largely due to business itself; to tn short-sightedness and to the ignoranc and to the grab everything within reachr spirit which dominates 1t.
 I Says our city editor: "If business wer as much science as agriculture is, Sc rious depressions would not occur"
 What do you think of that, brothe hayseed? We. who know that the 'sc ence" of agriculture is. at present, littl better than a tumble and hash of en piricism and guess-work and eternall. contradictory experiences, find it frani
 ly admitted by the city writer in the yer citadel of business administration tha business, as at present conducted is les
 scientific even than farming. as at pre-.
 ent done.
 Such an admission can't be sneere
 down or ignored assthe voice either of i,
 norance or of envy. It Ss not a criticisl
 from without, but confession within. A