The capitalist class has
mismanaged, is to-day mismanaging. In New York City 50,000 children
go hungry to school, and in New York City there are 1,320
millionaires. The point, however, is not that the mass of mankind is
miserable because of the wealth the capitalist class has taken to
itself. Far from it. The point really is that the mass of mankind
is miserable, not for want of the wealth taken by the capitalist
class, BUT FOR WANT OF THE WEALTH THAT WAS NEVER CREATED. This
wealth was never created because the capitalist class managed too
wastefully and irrationally. The capitalist class, blind and greedy,
grasping madly, has not only not made the best of its management, but
made the worst of it. It is a management prodigiously wasteful.
This point cannot be emphasized too strongly.
In face of the facts that modern man lives more wretchedly than the
caveman, and that modern man's food- and shelter-getting efficiency
is a thousandfold greater than the caveman's, no other solution is
possible than that the management is prodigiously wasteful.
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