Ending the Depression Through Planned Obsolescence

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Ending the Depression Through Planned Obsolescence is a text by Bernard London. The text says Frank A. Vanderlip, former President of the National City Bank, of New York, characterized the matter as a stupid depression and emphasized that millions were suffering amidst glutted markets and surpluses. The text says that if a machine has been functioning steadily for five years or so, it can fairly be considered dead. The text says that if by its replacement idle workers can be given jobs and closed factories reopened, the machine should be destroyed and new, probably improved, apparatus produced in its place.

The writer says that with wealth should go responsibility, and calls irresponsible possessors of wealth shirkers, who tend to make all of us poorer.

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Bernard London Open the author page

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Book facts

Author: Bernard London
Pages: 15
Language: English
Genre: Politics
Formats: PDF, EPUB, Read online

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