editorial_feb33_4
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| - | ====== The Inner Life 1933 ====== | + | ====== The Inner Life ====== |
| + | == THE HERALD OF THE NEW AGE | FEBRUARY 1933 == | ||
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| “It must be remembered that all modern industry has been operating under this ancient price system, and that if it operates successfully it must make a monetary profit. But if industry is to make a profit under conditions of competition and the continuous development of improved processes; it must continually cut down the costs of production; and it has been found that the best way of reducing these internal costs of production is by means of large scale quantity output with processes automatic as can be devised. Thus, under the price system, the requirement to cut internal costs to the minimum results in increasing mechanization and a tendency toward ever-decreasing man hours of employment.” | “It must be remembered that all modern industry has been operating under this ancient price system, and that if it operates successfully it must make a monetary profit. But if industry is to make a profit under conditions of competition and the continuous development of improved processes; it must continually cut down the costs of production; and it has been found that the best way of reducing these internal costs of production is by means of large scale quantity output with processes automatic as can be devised. Thus, under the price system, the requirement to cut internal costs to the minimum results in increasing mechanization and a tendency toward ever-decreasing man hours of employment.” | ||
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| With this machine in use in every state, and it soon will be, of what value will be the proposed Public Works | With this machine in use in every state, and it soon will be, of what value will be the proposed Public Works | ||
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| - | Editorial Feb33 4 | + | |
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