every line was speeded up to unprecedented heights and toward a goal where all manpower could be released for war service. It was evident to a few engineers at that time that the type of high-powered equipment which they were installing would be far-reaching in its effect on our social structure, and that the successful operation of this equipment would require a new type of social control which would be endemic to the nature of the equipment that was being placed in use. They saw with mathematical clarity that up until 1830 our rate of using energy in production had not really passed the speed of an ox-cart, but that we were since then in the process of attaining the speed of the airplane.”

“We must realize, Technocracy tells us, that we have reached the end of an era, that the fundamental cause of the depression is not political, it is technological. On this fact is predicated the necessity of appreciating that the only solution to our difficulties is a new era of technology where man can master the gigantic machine which has brought us to the close of the most fantastic period in the history of our small world. It is not a matter of choice. The old omnibus in which we have been riding has been patched up until its use as a vehicle is almost over.”

You will note that Technocracy definitely states we are now at the end of an era. Hear this:

“The social system on this continent is being forced into a revision and revaluation of all its standards of value. The standards of the price system have been found wanting and an entirely new set of standards must be erected in order to deal with the physical conditions that have arrived by virtue of this hodge-podge created by the impact of technology on an old and outmoded social technique. America is witnessing the passing of the price system of production. We are faced with the problem of having to desert a system that has become obsolete and at the same time of designing a system to take its place.”

What is meant by a price system? It is any system that uses a medium of exchange, in other words money, as a method of valuation of all commodities.

“No social state of history has operated on other than a price system, present day Russia being no exception.”