ROOT EVIL

Evening Star, Issue 20128, 19 March 1929, Page 11

ROOT EVIL

PRIVATE CAPITALISM NO REMEDY BUT ITS DESTRUCTION REV. ARCHER’S PANACEA [Pe* United Press Association.] CHRISTCHURCH, March 10. The absolute destruction of private capitalism was urged by the mayor (the Rev. J. K. Archer) this morning, as the only true remedy for the economic troubles that exist in the world today. Mr Archer, wbo dealt with the subject when extending a civic welcome to the delegates to the conference of the Rlated Printing Trades Association of Workers, said that the spirit of brotherhood should apply to houses, land, and machinery, and everything associated with the production and distribution of wealth. What ho meant was that everything should he held in common, and operated in common for the benefit of tho community. “We cannot get rid of capital—capital is one of the essential things of life. It is not money, as is commonly supposed, but tho machinery ol life.” The Mayor added: “We don't want to get rid of the Capitalists. What we want to do is to multiply Capitalists fifty-fold, so that every man who works is a Capitalist.” * Mr Archer, continuing, said (hat the remedy for the present conditions was not'shorter hours. ‘‘There is absolutely no solution, apart from the absolute destruction of private capitalism. The root evil of the world is private capitalism, private enterprise, and private competition.”