The State And Industry During the War And After

Cover The State And Industry During the War And After
The State And Industry During the War And After
Oxford Ruskin College
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A system of control such as has been already described offers the only imme- diately practical answer to these questions, as it offers the only existing administrative machinery for dealing with them.
Nor need we hesitate to extend this policy if we look beyond the transition period and take a longer view r . The experience of tho war has demonstrated its possibilities, which have been indicated above, and may be summed up, briefly, thus : In the first place, it brings the productive organisati
...on of the country under public control and makes it possible to direct it to first needs first. It makes it possible to apply our spinning frames and looms to plain, good fabrics for " Standard suits, " even if it would pay their owners a little better to apply them to expensive fabrics for luxury trades. In the second place, it makes excessive profits impossible; it leaves the capitalist some profit, a " fair " profit, if that term may be used, reached by a careful study of costs, and maintained by a central control and allocation of materials.

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