Protection And Progress a Study of the Economic Bases of the American Protectiv

Cover Protection And Progress a Study of the Economic Bases of the American Protectiv
Protection And Progress a Study of the Economic Bases of the American Protectiv
John P John Philip Young
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" A rational exchange of non-competing products will demand fewer ships than are now used in the unnecessary transportation to and fro of raw materials and finished articles and for the moving of the vast quantities of coal now required to supply vessels engaged in an entirely superfluous trade.
But, apart from these assumptions, which may prove erroneous because too much dependence is placed upon the belief that the disposition to eliminate wastefulness in transportation will take a practical
...form when its evils are clearly apprehended, it may be argued that even should there be such a developm. Ent of demand for the products of iron as the production annually of 60, 000, 000 tons implies, the world will, for a time at least, be abundantly able to provide such a quantity, and the indications are that the ability to supply will in the future, as in the past, constantly exceed the effective consumptive demand. Such a prospect 304 PROTECTION AND PROGRESS is not calculated to fill with hope those who realize that the modern system of production is conducive to the cre- ation of a vast social wreckage, and it will encourage those who hold the opinion that unrestrained competition is an evil to persevere in their determination to restrict its area, and thus in a measure abate it.

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