Présentation de l'éditeur
Excerpt from The High Cost of Living
The high cost of living is not a war product. The war hastened tendencies. It aggravated conditions. It gave opportunities for speculation and extortion. But the cost of living was rising rapidly before the war. And it will continue to rise when the war is over unless radical steps are taken to prevent it.
The last few years have witnessed a change in the economic foundations of American life. Competition is passing. Monopoly has entered into almost every process of industry. The laws of demand and supply no longer protect us. A host of intermediaries have wedged themselves in between the producer and the consumer, each one of which is interested in taking as large a profit for himself as possible. This is not only true of food, it is true of almost every necessity of life. Even more important, the control of the land and resources of the earth has diminished production. It has excluded men from the land. It has limited the opportunities of labor. It has checked initiative. It has reduced the amount of wealth produced.
Monopoly is responsible for the conditions which confront us.
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Présentation de l'éditeur
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