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The concentration of forces in the workshop and the intervention of capital in production, under the name of machinery, engender at the same time overproduction and destitution; and everybody has witnessed these two scourges, more to be feared than incendiarism and plague, develop in our day on the vastest scale and with devouring intensity.
No one thought it wrong for a light-witted "captain of industry" who had led his workpeople into overproduction, into the disproportionate manufacture, that is to say, of some particular article, to abandon and dismiss them, nor was there anything to prevent the sudden frantic underselling of some trade rival in order to surprise and destroy his trade, secure his customers for one's own destined needs, and shift a portion of one's punishment upon him.
The coffee growers of India complain that they cannot compete with Brazil and other Spanish-American countries where overproduction has forced down prices below the margin of profit, but the government is doing as much as it can to encourage and sustain the industry, and believes that they ought at least to grow enough to supply the home market. But comparatively little coffee is used in India.
The results of overproduction on the children are frequently, that they are sickly, short-lived, or suffer from rickets, cerebral paralysis, idiocy, or imbecility. And last, but certainly not least, many women become chronic invalids, or are hastened to premature graves, by having children as fast as they possibly can.
We must start again on a long steady upward incline in national income. ". . . And in that process, which I believe is ready to start, let us avoid the pitfalls of the past the overproduction, the overspeculation, and indeed all the extremes which we did not succeed in avoiding in 1929. In all of this, government cannot and should not act alone. Business must help.
On the contrary, our wealth is increasing faster than our numbers. Production is active; industry grows, and grows with astonishing vigour and rapidity. Enterprise in this country requires no artificial stimulant; if it errs at all, it is from time to time upon the side of overtrading and overproduction.
Are ye not our men to do our embassies?" "'And the soothsayers went forth to the people and expounded to them the mystery of overproduction, and how it was that they must needs perish of thirst because there was overmuch water, and how there could not be enough because there was too much.
Constant effort has been made to reduce overproduction in relief of agriculture and to promote the foreign buying of agricultural products by sustaining economic stability abroad.
Other deep-seated causes have been in action, however, chiefly the world-wide overproduction beyond even the demand of prosperous times for such important basic commodities as wheat, rubber, coffee, sugar, copper, silver, zinc, to some extent cotton, and other raw materials.
The shining lips and eyes of his florid face now proclaimed speech, with his Puckish fancy jack-o'-lanterning over it. 'Business hangs to swing at every City door, like a ragshop Doll, on the gallows of overproduction. Stocks and Shares are hollow nuts not a squirrel of the lot would stop to crack for sight of the milky kernel mouldered to beard.
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