Quote [51] – Technology, Efficiency and Workforce

“The free play of economic forces will not by itself automatically overcome these difficulties.  Regulative measures by the community are needed to bring about a sound distribution of labour and consumption goods among mankind; without them even the people of the richest countries will suffocate.  The fact is that since the amount of work needed to supply everybody’s needs has been reduced through the improvement of technical methods, the free play of economic forces no longer produces a state of affairs in which all the available labour can find employment.  Deliberate regulation and organisation are becoming necessary to make the results of technical progress beneficial to all.” The world as I see it
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