Wages, profits, prices are determined, always have been determined, and always will be determined until we go Communist, by the market-by supply and demand working through the market. While we tie ourselves into knots trying to invent non-market criteria for our commissions to use, the market is there, noiselessly, efficiently, irresistibly doing the job for us all the time. Irresistibly-yes, and there's the rub. For there is one thing outside the market in a modern economy, and that is money itself. Governments can and do satisfy the demand for money, raise and lower the supply of money. In short, governments have the power to control money, which is so largely their own creation. If governments allow monetary demand to increase faster than productivity, the market will not stop the process, because it cannot stop it. The market will simply go on determining wages, profits and prices in ever higher monetary terms-until something busts.
Enoch PowellRelated topics
communist control criterion increase job lower market money outside power productivity raise rub short something stop thing tie trying use wages while working profits higherRelated quotes
It's early in the process for me, but my infatuation with fame is waning, my need for external approval and the control of other people's opinions is expiring. Practically I've decided that profits from this book will go towards creating a place where recovering addicts like me can run a business based on the ideas in this book. A café and production company run to create community, not money, democratically managed by the workforce. No bosses. No profit. No bullshit. Selling food sourced ethically, grown locally, and served by people who have had a Revolution in their own lives and are now able to learn and give back. Supporting modest creative projects, building a community of people who want to be part of something other than the toxic hegemony. We will start small but we will grow quickly because we have a limitless resource and we are providing an alternative to a dying system. There are no limits to what we can achieve if we behave collectively, responsibly, and humanely.
Russell Brand
In this world, as in our own, nearly all the chief means of production, nearly all the land, mines, factories, railways, ships, were controlled for private profit by a small minority of the population. These privileged individuals were able to force the masses to work for them on pain of starvation. The tragic farce inherent in such a system was already approaching. The owners directed the energy of the workers increasingly toward the production of more means of production rather than to the fulfilment of the needs of individual life. For machinery might bring profit to the owners; bread would not. With the increasing competition of machine with machine, profits declined, and therefore wages, and therefore effective demand for goods. Marketless products were destroyed, though bellies were unfed and backs unclad. Unemployment, disorder, and stern repression increased as the economic system disintegrated. A familiar story!
Olaf Stapledon
The Spirit is a higher infinite of verities; life is a lower infinite of possibilities which seek to grow and find their own truth and fulfilment in the light of these verities. Our intellect, our will, our ethical and our aesthetic being are the reflectors and the mediators. The method of the West is to exaggerate life and to call down as much - or as little - as may be of the higher powers to stimulate and embellish life.
But the method of India is on the contrary to discover the spirit within and the higher hidden intensities of the superior powers and to dominate life in one way or another so as to make it responsive to and expressive of the spirit and in that way increase the power of life. Its tendency with the intellect, will, ethical, aesthetic and emotional being is to sound indeed their normal mental possibilities, but also to upraise them towards the greater light and power of their own highest intuitions.
Sri Aurobindo
The Soviet Union does not allow any church of any kind to interfere with education, and religion is not taught in public schools. It seems to me that this is the greatest gift of the Russian Revolution to the modern world. Most educated modern men no longer believe in religious dogma. If questioned they will usually resort to double-talk before admitting the fact. But who today actually believes that this world is ruled and directed by a benevolent person of great power who, on humble appeal, will change the course of events at our request? Who believes in miracles? Many folk follow religious ceremonies and services and allow their children to learn fairy tales and so-called religious truth, which in time the children come to recognize as conventional lies told by their parents and teachers for the children's good. One can hardly exaggerate the moral disaster of the custom. We have to thank the Soviet Union for the courage to stop it.
W. E. B. Du Bois
Enoch was right. He had made the two intellectual leaps in economic policy which Keith Joseph and I would only make some years later. First, he had grasped that it was not the unions which caused inflation by pushing up wages, but rather the Government which did so by increasing the supply of money in the economy. Consequently, incomes policies...were a supreme irrelevance to anti-inflation policy. The only aspect of the matter which Enoch then and later failed sufficiently to grasp was the importance of the indirect link between trade union power and inflation. This lay in the fact that over-powerful trade unions priced their own members out of jobs, and inflicted unemployment on both union and non-union workers alike. Governments...would then react by lowering interest rates and expanding the money supply. This would increase demand and jobs for a time, but it also increased inflation... That said, Enoch's insight into the cause of inflation was of supreme importance.
Enoch Powell