The book Modern Socialism was written by author Charles Henry Vail Here you can read free online of Modern Socialism book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Modern Socialism a good or bad book?
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" It is not the gold or silver question ; not free trade or tariff, etc., but solely and exclusively the fact that primarily in our present senseless and planless system of production ; in trade and commerce, there are created, in a stated period, more goods than can possibly be consumed, and therefrom results stagnation and the crash overtakes us." » These statements make clear the cause of industrial de- pressions. No man would think of applying such a method to his individual business. If he... did, what would be the re- sult ? Suppose, for example, a manufacturer of wagons should ^ Labor Library^ No. 9. Issued by the Labor News Co. INDUSTRIAL DEPRESSIONS AND CRISES. loj thus proceed. If the various departments of the factory were set at work without plan or concerted action, and at the end of the year the several parts produced were put together, what do you imagine would be the result ? Do you think the wheel, top and body departments would find their pro- ducts equally adjusted ? To say nothing of minor subdivi- sions of the work, there would probably be several hundred more tops than bodies to match, while the wheels would be found insufficient to meet the requirement^ etc., etc.
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