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Updated: May 17, 2025
I believe the grant of authority may be promptly and discreetly exercised, ever mindful of the intent and purpose to safeguard American industrial activity, and at the same time prevent the exploitation of the American consumer and keep open the paths of such liberal exchanges as do not endanger our own productivity.
After 1920 the need of Russian supplies will be even greater than it was before the war; for the guaranteed price in North America will have been discontinued, the normal increase of population there will, as compared with 1914, have swollen the home demand appreciably, and the soil of Europe will not yet have recovered its former productivity.
The West has littered and cluttered the planet with an immense variety and with enormous quantities of gimmicks and gadgets from tin cans to airplanes that fly faster than sound, and rockets that carry their occupants to the moon. Western productivity has multiplied greatly. Too often it has by-passed utility, ignored quality and outraged beauty.
Consequently the successful competitor in the race for supremacy develops productivity, accumulates wealth, expands capital spending, enlarges the scope of the arts, thereby augmenting the city's attractiveness to business enterprise and migrants from the hinterland. As the capital city grows in wealth and opportunity it requires larger imports of food, raw materials, building supplies, manpower.
But employers and employees must do their part, as well, as they are doing in so many of our finest companies working together, putting the long-term prosperity ahead of the short-term gain. As workers increase their hours and their productivity, employers should make sure they get the skills they need and share the benefits of the good years, as well as the burdens of the bad ones.
The hope of freedom itself depends, in real measure, upon our strength, our heart, and our wisdom. We must be strong in arms. We must be strong in the source of all our armament, our productivity. We all workers and farmers, foremen and financiers, technicians and builders all must produce, produce more, and produce yet more.
Hence, a certain measure of transformation of terrestrial surface, of suppression of natural, and stimulation of artificially modified productivity becomes necessary. This measure man has unfortunately exceeded.
First of all, Germany's annual savings, after what she has suffered in the war and by the Peace, will fall far short of what they were before, and, if they are taken from her year by year in future, they cannot again reach their previous level. The loss of Alsace-Lorraine, Poland, and Upper Silesia could not be assessed in terms of surplus productivity at less than $250,000,000 annually.
But employers and employees must do their part, as well, as they are doing in so many of our finest companies working together, putting the long-term prosperity ahead of the short-term gain. As workers increase their hours and their productivity, employers should make sure they get the skills they need and share the benefits of the good years, as well as the burdens of the bad ones.
I liked to think upon his obvious conviction that the libretto was less than nothing compared to the music. I liked him to regard the whole artistic productivity of my life as the engaging foible of a pretty woman. I liked him to forget that I had brought him alive out of Paris. I liked him to forget to mention marriage to me. In a word, he was Diaz, and I was his.
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