October 11, 1932 (17th Parliament, 4th Session)

LAB

James Shaver Woodsworth

Labour

Mr. WOODSWORTH:

Yes, a sweet morsel to be rolled under his tongue.
Had the Prime Minister been present I would have called to his attention an article which appeared in a recent issue of Time and Tide. This article is by Sir Arthur Salter, to whom the Prime Minister referred last spring as ranking as one of the foremost authorities in the world at the moment. Sir Arthur says:
I believe that a concerted policy of reflation to a determined point would be an immense advantage to the whole world.
I have read the speech from the throne very carefully but I can find no indication of any comprehensive program to meet changed world conditions. In other parts of the world they are awakening more rapidly than are we to the need of more fundamental changes, and in this connection I should like

The Address-Mr. Woodsworth
to quote from a rather unexpected source. Addressing a recent conference on business education, the Prince of Wales said:
We have all been learning through the surest and hardest of lessons-adversity-how closely the prosperity of all nations of the world depends upon the prosperity of each and all of them. In these days of swift transport and communication and of interlocked commerce and finance, it is more than ever true that nations cannot live to themselves alone.
And again:
The world-wide trade depression and economic disturbance from which we all suffered so much has been largely caused by maladjustment of distribution and consumption of the world's capacity for production. The potential output of the existing means of production in the world is far greater than ever before. If all the employable labour were employed for a reasonable number of hours per week, the world would have at its disposal a volume of commodities and services that would enable the entire population to live on a higher level and comfort and well-being than has ever been contemplated in the rosiest terms of the social reformer.
The urgent task for the world is to bring about the adjustment necessary to bring consumption and production into proper relationship. not a simple, not an easy, but quite a possible task.
Mr. LaVERGNE: Why is the Prince of
Wales an unexpected source?

Topic:   WAYS AND MEANS
Subtopic:   GOVERNOR GENERAL'S SPEECH
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