Depression
                                   



9

DEPRESSION


 IT IS a long time since the last great trade depression. Younger people will have little or no
clear recollection of it. It occurred between 1929 and 1939, coming to an end after the
outbreak of the second world war. The period was known as the Hungry Thirties. At that
time there were something like a million unemployed in Canada, three million in Britain,
six million in Germany, eleven millions in the United States. In 1934 it was reported that there
were between 80,000,000 and 100,000,000 unemployed at that time throughout the world.

 Even Russia, where unemployment was claimed by its supporters to have lately been
abolished, was affected by the depression and had to cope with growing numbers of
unemployed. And wherever it existed, unemployment, then, as now, deprived its victims of
the sources of life other than the limited means made available through charitable groups and
government agencies.

 The world's warehouses were filled with goods, the world's workers were in want and the
statesmen were helpless. Bennett of Canada, who rose to power in 1930 promising to end the
depression, was ushered out of power in 1935 leaving 1,341,000 of the electorate on relief.
Roosevelt of the United States called to his service the greater part of the alphabet and won
the hearts of the American people - but failed to end the breadlines. Hitler in Germany blamed
the evils suffered by his countrymen on the victors of the first world war and he fed the
German workers national pride, red banners and brown shirts - to go with their black bread
and sausages. The Labour Party of Britain, which came on the scene to bring shelter to the
underdog from the storms and stresses of modern life, became, after a quarter of a century
without accomplishment, an unheroic victim of the 1930’s, broken by a Labour Government
measure designed to worsen the living conditions of large numbers of workers.

 And so it went on. Wherever one chanced to turn, the story could be told in much the same
terms. It was a time of bleakness and want, anger and upsurge, fed upon by demagogues and
mountebanks and turned in directions that brought no clear thought, much worthless and
harmful effort and nothing of benefit to workers who were willing simply to serve as
followers. Children spent their childhood improperly fed and clothed and lacking in
playthings other than those that were whittled from wood by their fathers or fashioned from
rags by their mothers. They entered schools and came out again, products of an educational
system that shed no light on the desolation surrounding them. They approached young
adulthood with nothing better to hope for than permission to enrol on the breadline without
being subjected to the humiliating impertinences of petty officials. They feared to become
married because marriage carried responsibilities which they had no way of meeting, as was
carefully pointed out to them by the guardians of society. Those who became married despite
these cautions found the stern visage of authority hovering over them, fearful lest they add to
their numbers and increase further the burdens the nation was already groaning under!




10

 The passing years, particularly the dozen recent years of work and wages and television sets,
have dimmed the memory of the Hungry Thirties. For most people the angry insistence that
something be done has given place to a placid acceptance of things as they are. That there can
be another depression is a thought they will not entertain. They feel vaguely that everyone
learned a lesson from the last depression, that people will not stand for another one; that in
any case the world's governments have taken measures or will take measures to prevent
another from occurring. What lessons were learned and what measures have been taken or
will be taken to prevent depression, these are matters which the average person hesitates to
discuss - the blunt and gloomy truth being that his views in this connection are simply the
product of wishful thinking.

 It is a fact that the average person learned no lessons that matter from the last depression. It is
also a fact that the politicians, the statesmen and all those on whom they depend for
impressive thoughts, have failed to prove themselves better informed. The reasons are not
hard to find. The average person has not made the slightest attempt to learn about depressions,
and the official representatives of society, if they have made a study of the subject, have not
come up with knowledge they are prepared to impart or act upon; for if they have discovered
anything they have discovered that such knowledge can provide no help in preventing
depressions and nothing sensible that can be used to encourage the average worker to continue
his approval of the existing form of society; and since these people are committed to the
preservation of present society without important changes they are obliged either to remain
silent or ask people to retain confidence, trust in providence, or engage in other childlike
pastimes.

 There is no treatment for depressions that can bring lasting and beneficial results for the mass
of the people while retaining the present order of society .That is why the brightest of
capitalism's defenders have nothing to offer on the subject but nonsense. The trouble is that
capitalism is not a system that can concern itself about the needs of people and how best to
satisfy those needs; it is a system in which goods are produced in order that capitalists may
obtain profits; and when a situation arises in which these goods cannot be sold profitably, they
are retained in warehouses whether or not there are people in need. This was the situation that
prevailed during the Hungry Thirties; vast quantities of wealth decaying with passing years,
vast numbers of people in constant and serious need - and not a government anywhere in the
world that knew what to do about it!

  Capitalism is by nature a chaotic form of society, often in the throes of stagnation and never
free of misery. To end the fears, uncertainties and horrors of modern life requires the
establishment of a system of society based upon the common ownership and democratic
control of the means and instruments for producing and distributing wealth by and in the
interest of society as a whole. This is a task to which you should give immediate thought and
action.