Wilshire Editorials Classic Reprint

Download or read book Wilshire Editorials (Classic Reprint) written by Gaylord Wilshire and published by . This book was released on 2015-06-28 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Wilshire Editorials Our immensely increased capacity to produce, as the result of the use of better and still better machinery, has not been accompanied by any superior facilities for distribution and consumption, except to the extent that the capitalists have found an opportunity to expand their plants. The workers cannot, to any extent, increase their power of consumption, because that power is limited by their wage, and wages are forced by competition to remain at about the point of subsistence. Money wages, it is true, have increased somewhat in the last few years, but the rise in price of living has kept real wages down to about the same old level. The present period of great expansion is, to my mind, directly traceable to the stimulus given by the three great wars with which the world has lately been scourged. I refer to the Spanish-American war(1898), the Boer-British South African war (1899-1902), and, finally, to the Russo-Japanese war (1904-1905). The effect of the Russo-Japanese war, indeed, is seen in our present great industrial prosperity; but I think that its influence cannot last much longer than a year from to-day. I believe, when the collapse of the present boom shall usher in a huge unemployed problem, that the workers of the United States, knowing they produce so much more than they can buy, will refuse to be placated by any reasoning of the capitalists to the effect that they must expect to go hungry. The time has passed when the people will be satisfied to starve because they produce too much food. The day, certainly, has gone forever when the people of a whole village will submit to death from typhoid fever because the doctors and preachers pronounce it a visitation of God as a punishment for their unrighteousness. They now know that typhoid comes with a polluted water supply, and will proceed to purify that supply at once. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.