Economic
system must achieve the production of all the basic things essential
for the maintenance and development of people as well as the
protection and development of the Nation. Having satisfied the basic
minimum requirements, the question naturally arises, whether there
should be more production for greater property and happiness. The
Western societies consider it most essential and even desirable to
go on continuously and systematically increasing the desires and
needs of man. There is no upper limit in the context. Normally
desire precedes the efforts at producing the things desired. But now
the position is reverse. People are induced to desire and use the
things that have been and are being produced. Instead of producing
to meet the demand, the search is on the markets for the goods
already produced; if the demand does not exist, systematic efforts
are made to create demand. This has become the chief characteristic
of the western economic movement. Earlier, production followed the
demand, now demand allows the production. Consider the use of tea
for example. Tea was produced because people desired and wanted it.
But Tea was produced and we were induced to develop taste for tea.
Now tea is a common man's drink. It has become a part of our life.
Similar is the case of vegetable ghee. Did anyone ever want to use
it? It was first produced and then we were taught to use it. If
whatever is manufactured is not consumed, there will be depression.
Some of us many remember the great depression of 1930-32. There was
abundance of goods at that time but there was no demand. Therefore
factories had to be closed down. Bankruptcy and unemployment were
widespread. Thus now-a-days it is most important that what is being
produced must be consumed.
The Editor of "Organiser",
an English Weekly, had gone to USA for a visit sometime ago. Upon
his return, he related an interested instance.
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