THOUGHTS FOR THE TBMES
THE INDUSTRIAL SYSTEM
Private enterprise has achieved great results. If present economic conditions are often bad, it i.s incontestable that past conditions have been very much worse. The nineteenth century was an age of unequalled material progress. The average level of real wages to-day is four times what it was in 1800; the money-wage has doubled and its purchasing power has doubled also. There has been, and there still is, an energy and resourcefulness in our industry and commerce which it would be harmful to impair and fatal to destroy. The problem is “how to cure what is unhealthy in the economic body without injuring the organs which are sound.—Liberal Industrial Report (England).
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Hokitika Guardian, 5 January 1931, Page 4
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117THOUGHTS FOR THE TBMES Hokitika Guardian, 5 January 1931, Page 4
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