Prices will stay high, first, "because the efficiency of the capitalist system has fallen so low that goods cannot lie turned out fast enough to meet the demand; second, because the payments in the form of rent, Interest, dividends and profits are so great a fixed charge on industry that, even though efficiency were maintained, the cost of production plus the cost of parasitism would keep prices high. High prices to-day mean that the worker cannot buy back, with his wages, what he has produced with his energies. This is the very ■ essence of the present ludicrous system of economic life.—Scott Nearing.
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https://paperspast.natlib.govt.nz/newspapers/MW19200428.2.29
Bibliographic details
Maoriland Worker, Volume 11, Issue 476, 28 April 1920, Page 4
Word Count
102Untitled Maoriland Worker, Volume 11, Issue 476, 28 April 1920, Page 4
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