EXPERTB VERBUB PROGRESS.

Waikato Times, Volume 114, Issue 19010, 29 July 1933, Page 7

EXPERTB VERBUB PROGRESS.

(To the Editor.) i Sir, —It seems that the general j futility of experts Is only exoeeded by their colossal ooncelt. Since when • has It been within ,the province of j alleged experts to occupy newspaper j space with oheap Jibes and gratuitous j insults cast at the honest and oon- , gcientlous endeavours of social re- j formers? Perhaps It Is only natural , that orthodoxy, now finding Itself with ( Its hack to the wall, fighting a losing ( battle against the oncoming tide of j publio opinion bent on removing the 1 reign of finance, should desoend to j satire and abuse in a belated effort to 1 discredit its opponents. j It seems that the publio of New , Zealand is rapidly making up Its mind that it will have no more borrowing, ■ no more usury, and no more flnanolol j strangle-hold on Industry when it has been clearly shown that a real, , not artificial, reoovery is possible with- , out these loathsome concomitants of ■ a past age. As might be expected, the paid experts of orthodoxy 'are In- . capable or unwilling to adapt orthodox economics (moulded in an age of soarcity) to modern conditions of productive abundance, which require not only a new economic system but a new philosophy, and, one might add, a new code of religious ethics. In a primitive age the Pauline doctrine of “work or starve” was excellent advice. To-day the needs of the world demand only rational work and a system of cultured leisure. Naturally university professors, steeped in the text-book eoonomios of “produoe more, consume less,” will not readily abandon their position. It Is hard to admit that the scholarship of years Is no longer relevant or valuable; it is harder still admit it when the finance combine is dependent on the continuance of an effete system.—l am, eto., SEARCHING. Hamilton, July 28, 1933.