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In three ways unemployment would be reduced. First... by greater equalization of purchasing power and consequent stimulus in the form of effective de… - Kirby Page
" "In three ways unemployment would be reduced. First... by greater equalization of purchasing power and consequent stimulus in the form of effective demand. Second, by utilizing the national credit and socialized industries for the creation of new industries and the extension of existing ones. ...Social ownership and operation of the basic industries, and especially socialized banking and credit, would greatly facilitate the task of shifting the masses of unemployed into productive channels. Third, if necessary, by shortening working hours and dividing the available work among all the people.
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About Kirby Page
Kirby Page (1890 – 1957) was an author, minister and peace activist who argued in favor of democratic socialism as integral to the Social Gospel.
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Additional quotes by Kirby Page
One of the most significant results of the industrial struggle during the past fifty years has been the creation of a condition of a vast inequality of wealth and income. This inequality is so extreme that it now constitutes one of the chief sources of bitterness and strife in modern life. ...not that the poor have been getting poorer but that the number and sizes of great fortunes have increased enormously.
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