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enough to enable the most inefficient producer to operate at a profit When the consumer goes to market, he’s up against a take-* rt-or-leave-it attitude and there is absolutely no recognition of the relationship between" wages and consumer buying power.
Since each manufacturer is permitted to produce only so much, which,, he must sell in a certain territory at a fixed price, the incentive to produce more and better goods is entirely lacking and as a consequence, the whole% country stagnates, machines and methods of operation become antiquated and stay that way.
In Britain, for example, they have a “Tire Manufacturers’ Conference” which has fourteen members. Each tire distributor is required to buy $560.00 worth of tires from each of the fourteen manufacturers. The conference won’t let him buy all of his tires from the manufacturer he prefers. He must buy the same amount from each manufacturer or he isn’t permitted to buy any tires at all. These restrictive practices are almost universal throughout Europe and are the principal reason why the taxpayers of this country have been called on to
52.5%