Business: Delicious Circle?

Franklin Roosevelt received last week a report from his National Resources Committee* which made two striking calculations: 1) if the U.S. had given full employment to all its workers (except 2,000,000 considered normally unemployed) the nation would have had $200,000,000,000 more income between 1930 and 1937; 2) this $200,000,000,000 of wasted labor could have supplied a new $6,000 house for every family in the U. S.

The committee used these ugly facts to pose a problem: How can democracy prevent such tragic waste? That fundamental problem is certain to be posed again & again until it is permanently solved. But the report...

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