Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
"The old régime has seemingly done everything deliberately to
destroy and demoralize the trade-industrial apparatus it took
years to build up. As a result the usual course of the
country's economic life was stopped, and at the same time,
through the peculiarly enforced system of regulations, a wide
field for all sorts of abuses and speculations was opened. We
must frankly acknowledge that from these abuses and
speculations a system of oppression grew up which has called
forth fully merited reproach, distrust, and hostile feelings
towards the representatives of the trade-industrial class.
"At the same time there can be no doubt but that under present
circumstances, lacking most of the necessaries of existence,
with the factories and mills forced to cut down their
production due to lack of raw material and fuel, with the
demoralization of the transportation system, and being
compelled, despite all these obstacles, to meet the numerous
requirements at the front--there is no other way out but
government control of private industrial and mercantile
enterprises, and the coöperation of the democratic masses of
the population in the matter of regulating the trade-industrial
life of the country. In addition to fair distribution it should
be the task of all the committees, which are to become parts of
the Ministry, also to regulate the prices.
"Closely connected with this question there is another one
which I personally consider of tremendous importance. I have in
mind the question of limiting the profits of all mercantile and
industrial establishments. Undoubtedly a properly worked-out
solution of this question would have the tendency to check the
unwarranted growth of prices that would appease the masses. The
normal effect of a decree limiting profits is of tremendous
importance, not only in that it would soften the feeling of
ill-will towards the trade-industrial class, but also because
it would afford the government a new, convincing proof that the
commercial and industrial class is ready to make all possible
sacrifices for the common good, a proof which would paralyze
the voicing of any new demands on the part of the masses.
"Now, these are the main ideas, the fundamental points of view
which the trade-industrial class should consider as a starting
point in its efforts to win the confidence of the population
and to safeguard that important position which it ought to
occupy in the life of the country.
"The situation is becoming all the more difficult because of
the ever-increasing famine due to the shortage of means of
production as well as of all the necessaries of life; this
famine will be felt very acutely, not only on account of the
lack of these goods, but also because of the overabundance of
paper money."
Public-domain text, read in full here on John Shaqi.
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