“ it is that goods can be produced that cannot be bought. ”
Franklin D. Roosevelt, Looking Forward (1933). copy citation
Author | Franklin D. Roosevelt |
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Source | Looking Forward |
Topic | good |
Date | 1933 |
Language | English |
Reference | |
Note | |
Weblink | https://gutenberg.ca/ebooks/rooseveltfd-lookingforward/rooseveltfd-looki... |
Context
“We need to know how to keep on working. If we can learn this, and I believe we can, all our other problems can be solved with ease.
The theory upon which we have been producing for years is a shocking impossibility; it is that goods can be produced that cannot be bought.
There are two unusual features which characterised business during our late decade of prosperity. First, great strides toward productive efficiency were made. Second, the goods produced by this efficiency were in large part being purchased on credit.”
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