Solvency Or Downfall Squandermania And Its Story

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Solvency Or Downfall Squandermania And Its Story
Harold Sidney Harmsworth Rothermere
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in defiance of the wise tradition that the Government should not compete with private enterprise, and that Government trading is invariably costly and unprofitable. Apart from stopping the unemployment dole, they have not taken one single big and drastic step towards cutting down the wasteful and extravagant expenditure which is draining the country of its limited resources.
At the present moment we cannot consider our own financial disabilities without also regarding the plight of Europe, whic
...h is far worse than our own. Our manufacturers are urged to produce, but production is not of much use unless they sell a large proportion of their commodities abroad. In the past the nations of Europe have been among our best customers. Just now spacious regions of Central Europe are in imminent danger of starvation. They need help, and, above all, credit. Our own position is that we are obtaining food and other commodities from the United States for which, to a great extent, we are unable to pay.

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