The Economic Outlook: The Unsolved Crisis
A single crucial question is on the lips of millions of people throughout the world, crystallizing their hopes and fears: Can the governments that provided work for all during the war continue to do so in peace time, or shall we again have millions of unemployed? Or, to phrase it differently: How is it there was enough work when bombers, tanks and ammunition had to be produced, and why is there a production lag and unemployment when it is a matter of making houses, automobiles, clothes and food?
And behind the question lurks the spectre haunting us all. Why has the threat of huge and permanent mass unemployment—a threat absent before 1929—persisted ever since that depression, and why does it still persist during the present postwar boom?
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