The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-09-20

to discourage any one from taking
any stock in the economic analysis
Of the man in the street and since
there is only one specie given to maxi
ing such reckless exposures (the rest
are all silently acquiescent In the In.
comprehensible) 1t should have q SAL
utary effect in preserving the status
quo.
None are 50 blind as those who viii
not see. And nothing 50 blinds an in
dividual to obvious facts as self inter-
est. That self interest may be MOTH
Ing more tangible than social con-
facts. bidding for patronage or fear
Of ostracism. That subtle elusive in
fluence that emanates class unerring-
ly searches out the individuals who
exhibit any recalcitrant tendencies
and they are summarily dismissed.
Many brilliant scholar Is walking the
streets jobless because he was too fine
and big to prostitute his intellectual
abilities.
We all easily recall how Scott was,
some six months ago, kicked bag and
baggage down the steps Of Columbia
University for his somewhat fantastic
proposals, but nevertheless exceed
ingly Illuminating disclosures. Not
a text book prejudicial to the human
parasites ever gets past the hundred
eyed censorship maintained by the
faithful, who vie with each other In
winning the favor Of the privileged
few, who hold the keys Of life or
death on this earth. How, then, can
any one expect this hand picked and
closely assorted band Of charlatans to
lead us out Of social morass.
The facts are that all wealth IS pro-
duced by man experimenting the cap
tured forces Of nature and manipu-
lating them SO as to convert the gifts
of nature into goods desirable to man
kind. The productive forces and ma
lures storehouse Of resources are
known as labor. The goods produced
are not divided between capital and
labor but tokens are given out repre-
senting the amount which each may
draw from the undivided products.
The products may emerge Is con-
sumption goods or capital goods as
the demand indicates. Capital goods
are not procured for immediate con-
sumption but with the expectation Of
gathering more tokens. Since capital
received more than he could consume
he has been demanding capital goods.
For years the capitalists demand for
capital goods for his surplus tokens,
has displaced, or accumulated, near
~ all the capital In the U. 8. He has
supplied much Of the capital Of for.
eign and backward countries and
when the bubble burst in 1879, accord
ing to the Federal Trade commissions
report, capital was receiving 500 OF
the tokens and labor the other 5Oeb.
This meant that 10000 individuals
were receiving nearly the same pur-
chasing power Is 125 million. De-
mand for capital goods ceased as we
were over-capitalized in every line Of
trade and industry. Our producing
energies should be used In producing
consumption goods, but the masses
with many unsatisfied human wants
can only purchase SOC Of the goods
and the classes who could buy the
other 500 have all wants satisfied.
Consequently the undivided goods pile
up. Cutting the markets.
Obviously the remedy Is to increase
the amount Of tokens received by the
masses to the point where they could
buy the goods. take them out and
consume them.
There was and Is. however, one i'm
perative stipulation which is that the
500 Of tokens absorbed by capital,
through interest. rent and profit,
must not be interfered with. What
ever increased purchasing power may
be given to the masses must be OBJ
tanned by juggling the 50% allotted
to them until it Is stretched to the de.
sired amount. Any one who has con.
stdered the matter, uninfluenced By
the obscur1ng economic fallacies that
have 80 far survived the fires Of the
living crucible into which they have
been thrust, will declare Il . math-
ematical impossibility. Any one but .
vacillating politician or . university
professor.
However, before I convict myself Of
being egottstical enough to think ]
could offer any suggestions la the
matter, I will leave It In the hands Of
the intellectual giants. whom special
privilege has delegated, shall wear the
badge OF excellency, into whose keep
Ing. It seems, No have committed our.
selves.
Yours truly
NJ -