EMILY SHOWS THE NECESSITY OF WASTE PIPES.
"I quite agree with you, Robert," said the teacher, "and now, Emily, we
will ask you to take us in charge as we pursue a little further this
interesting, if not very edifying theme. The economic system of
production and distribution by which a nation lives may fitly be compared
to a cistern with a supply pipe, representing production, by which water
is pumped in; and an escape pipe, representing consumption, by which the
product is disposed of. When the cistern is scientifically constructed
the supply pipe and escape pipe correspond in capacity, so that the water
may be drawn off as fast as supplied, and none be wasted by overflow.
Under the profit system of our ancestors, however, the arrangement was
different. Instead of corresponding in capacity with the supply pipe
representing production, the outlet representing consumption was half or
two thirds shut off by the water-gate of profits, so that it was not able
to carry off more than, say, a half or a third of the supply that was
pumped into the cistern through the feed pipe of production. Now, Emily,
what would be the natural effect of such a lack of correspondence between
the inlet and the outlet capacity of the cistern?"
"Obviously," replied the girl who answered to the name of Emily, "the
effect would be to clog the cistern, and compel the pumps to slow down to
half or one third of their capacity--namely, to the capacity of the
escape pipe."
"But," said the teacher, "suppose that in the case of the cistern used by
our ancestors the effect of slowing down the pump of production was to
diminish still further the capacity of the escape pipe of consumption,
already much too small, by depriving the working masses of even the small
purchasing power they had before possessed in the form of wages for labor
or prices for produce."
"Why, in that case," replied the girl, "it is evident that since slowing
down production only checked instead of hastening relief by consumption,
there would be no way to avoid a stoppage of the whole service except to
relieve the pressure in the cistern by opening waste pipes."
Public-domain text, read in full here on John Shaqi.
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