Their maxim that demand governed supply, and supply would always meet demand, referred in no way to the demand representing human need, but wholly to… - Edward Bellamy
" "Their maxim that demand governed supply, and supply would always meet demand, referred in no way to the demand representing human need, but wholly to an artificial thing called the market, itself the product of the profit system.
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About Edward Bellamy
Edward Bellamy (March 26, 1850 – May 22, 1898) was an American author and socialist, most famous for his utopian novel, Looking Backward, a tale set in the distant future of the year 2000. Bellamy's vision of a harmonious future world inspired the formation of at least 165 "Nationalist Clubs" dedicated to the propagation of Bellamy's political ideas and working to make them a practical reality.
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Additional quotes by Edward Bellamy
The actual expense of your colleges appears to have been very low, and would have been far lower if their patronage had been greater. The higher education nowadays is as cheap as the lower, as all grades of teachers, like all other workers, receive the same support. We have simply added to the common school system of compulsory education, in vogue in Massachusetts a hundred years ago, a half dozen higher grades, carrying the youth to the age of twenty-one and giving him what you used to call the education of a gentleman, instead of turning him loose at fourteen or fifteen with no mental equipment beyond reading, writing, and the multiplication table.
When any new idea was suggested in religion, in medicine, in science, in economics, in sociology, and indeed in almost any field of thought, the first question which the learned body having charge of that field and making a living out of it would ask itself was not whether the idea was good and true and would tend to the general welfare, but how it would immediately and directly affect the set of doctrines, traditions, and institutions, with the prestige of which their own personal interests were identified.
Stores! stores! stores! miles of stores! ten thousand stores to distribute the goods needed by this one city, which in my dream had been supplied with all things from a single warehouse, as they were ordered through one great store in every quarter, where the buyer, without waste of time or labor, found under one roof the world's assortment in whatever line he desired. There the labor of distribution had been so slight as to add but a scarcely perceptible fraction to the cost of commodities to the user. The cost of production was virtually all he paid. But here the mere distribution of the goods, their handling alone, added a fourth, a third, a half and more, to the cost. All these ten thousand plants must be paid for, their rent, their staffs of superintendence, their platoons of salesmen, their ten thousand sets of accountants, jobbers, and business dependents, with all they spent in advertising themselves and fighting one another, and the consumers must do the paying. What a famous process for beggaring a nation!
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