Free imports have destroyed this industry, at all events for the time, and it is not easy to recover an industry when it has once been lost... They have destroyed agriculture... Agriculture as the greatest of all trades and industries of this country has been practically destroyed. Sugar has gone, silk has gone, iron is threatened, wool is threatened, cotton will go! How long are you going to stand it? At the present moment these industries, and the working men who depend upon them, are like sheep in a field. One by one they allow themselves to be led out to slaughter, and there is no combination, no apparent prevision of what is in store for the rest of them. Do you think, if you belong at present to a prosperous industry, that your industry will be allowed to continue? Do you think that the same causes which have destroyed some of our industries, and which are in the course of destroying others, will not be equally applicable to you when your turn comes?
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Your iron industry is dead; dead as mutton; your coal industries, which depend greatly upon the iron industries, are languishing. Your silk industry is dead, assassinated by the foreigner. Your woollen industry is in articulo mortis, gasping, struggling. Your cotton industry is seriously sick. The shipbuilding industry, which held out longest of all, is come to a standstill. Turn your eyes where you will, survey any branch of British industry you like, you will find signs of mortal disease. The self-satisfied Radical philosophers will tell you it is nothing; they point to the great volume of British trade. Yes, the volume of British trade is still large, but it is a volume which is no longer profitable; it is working and struggling. So do the muscles and nerves of the body of a man who has been hanged twitch and work violently for a short time after the operation. But death is there all the same, life has utterly departed, and suddenly comes the rigor mortis. Well, but with this state of British industry what do you find going on? You find foreign iron, foreign wool, foreign silk and cotton pouring into the country, flooding you, drowning you, sinking you, swamping you; your labour market is congested, wages have sunk below the level of life, the misery in our large towns is too frightful to contemplate, and emigration or starvation is the remedy which the Radicals offer you with the most undisturbed complacency. But what has produced this state of things? Free imports? I am not sure; I should like an inquiry; but I suspect free imports of the murder of our industries much in the same way as if I found a man standing over a corpse and plunging his knife into it I should suspect that man of homicide, and I should recommend a coroner's inquest and a trial by jury.
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Taken as a whole, these Nazi achievements are a farrago of economic absurdities. For seven years I had to struggle with all these ignorant and incapable men. It is a waste of time to discuss their stupid projects or refute their specious arguments. In fact, the Nazi regime has ruined German industry. All the above-mentioned experiments with artificial products will become useless as soon as international trade is restored. Then Germany will have on her hands immense plants which have swallowed billions of marks and there will be nothing to do but turn them over to the wreckers. Industries which no longer have enough money to follow technical progress and to keep their equipment up-to-date are in an unfavourable position compared with foreign competition, especially in America.
The next of the great wastes was that from competition. The field of industry was a battlefield as wide as the world, in which the workers wasted, in assailing one another, energies which, if expended in concerted effort, as to-day, would have enriched all. As for mercy or quarter in this warfare, there was absolutely no suggestion of it. To deliberately enter a field of business and destroy the enterprises of those who had occupied it previously, in order to plant one's own enterprise on their ruins, was an achievement which never failed to command popular admiration. Nor is there any stretch of fancy in comparing this sort of struggle with actual warfare, so far as concerns the mental agony and physical suffering which attended the struggle, and the misery which overwhelmed the defeated and those dependent on them. Now nothing about your age is, at first sight, more astounding to a man of modern times than the fact that men engaged in the same industry, instead of fraternizing as comrades and co-laborers to a common end, should have regarded each other as rivals and enemies to be throttled and overthrown. This certainly seems like sheer madness, a scene from bedlam.
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It was a dire alternative for a country to have a choice between tariff reform, which destroyed its industries, and Socialism and Communism, which destroyed the whole fabric upon which prosperity was based... It amounted to a choice of which they were going to cut—the carotid artery of foreign trade or the jugular vein of capital.
Here, in India, the problem is peculiar. Our trade tends steadily to expand and it is possible to demonstrate by means of statistics the increasing prosperity of the country generally. On the other hand, we in India know that the ancient handicrafts are decaying, that the fabrics for which India was renowned in the past are supplanted by the products of Western looms, and that our industries are not displaying that renewed vitality which will enable them to compete successfully in the home or the foreign market. The cutivator on the margin of subsistence remains a starveling cultivator, the educated man seeks Government employment or the readily available profession of a lawyer, while the belated artisan works on the lines marked out for him by his forefathers for a return that barely keeps body and soul together. It is said that India is dependent on agriculture and must always remain so.That may be so ; but there can, I venture to think, be little doubt that the solution of the ever recurring famine problem is to be found not merely in the improvement of agriculture, the cheapening of loans, or the more equitable distribution of taxation, but still more in the removal from the land to industrial pursuits of a great portion of those, who, at the best, gain but a miserable subsistence, and on the slightest failure of the season are thrown on public charity. It is time for us in India to be up and doing ; new markets must be found, new methods adopted and new handicrafts developed, whilst the educated unemployed, no less than the skilled and unskilled labourers, all those, in fact, whose precarious means of livelihood is a standing menace to the well-being of the State must find employment in reorganised and progressive industries It seems to me that what we want is more outside light and assistance from those interested in industries. Our schools should not be left entirely to officials who are either fully occupied with their other duties or whose ideas are prone, in the nature of things, to run in official grooves. I should like to see all those who "think" and “know" giving us their active assistance and not merely their criticism of our results. It is not Governments or forms of Government that have made the great industrial nations, but the spirit of the people and the energy of one and all working to a common end.
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