Ending the depression through planned obsolescenceLondon, Bernard
General
Ending the depression through planned obsolescence
London, Bernard
Economic policy; United States -- Economic conditions -- 1918-1945
3. Obviate the tremendous social waste of making no use of the
workpower of millions of men and women (who are compelled to stay
idle). In this connection, it is significant to note that “the cost
of the present depression will very probably exceed 50 billions
of dollars” (a staggering amount), according to Malcolm C. Rorty,
business executive and statistician, writing in a recent issue of the
_Harvard Business Review_.
4. My plan would take Government finances out of their present
speculative status and would put Government income on a more stable
basis, by receiving annually at least between 25 and 50 per cent of
the net income of all the buildings, machinery and other commodities
which have been declared obsolete after their allotted time, and
nevertheless allowed to function longer in the event there is ample
employment.
Transcriber’s Notes
pg 11 Changed: their alloted time has expired
to: their allotted time has expired
pg 19 Changed: for the wellbeing of all
to: for the well-being of all
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