Word: consumerized
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3. Lead to lasting recovery only in consumer industries.
Last week, as 1940 corporation earnings reports came out, Wall Street's judgment proved correct on one score: Profits were not keeping pace with production. To steelmakers and railroads, whose heavy capitalizations give them an advantage under the excess-profits tax, 1940 was a banner year (TIME, Feb. 10...
All this is true. However, Mr. Scherman has found only one of the numerous Ethiopian tribesmen in our gold pile. The New Dealer's inflation which lie fears would at least come by wilful choice; but the tremendous excess reserves now in the banking system could just as easily finance...
Less official, but more detailed was the warning of Harvard's Professor of Marketing Malcolm Perrine McNair. Reviewing the ABCs of war economics, Professor McNair said: 1) That the U. S. national income will continue to rise in 1941, and the production and sale of consumer goods will rise...
Profit System Condemned. "Christian doctrine must insist that production exists for consumption. ... To a large extent production is carried on not to supply the consumer with goods but to bring profits to the producer. . . . This method . . . which tends to treat human work and human satisfaction alike as a means to...