ABSTRACT

Several definite issues related to economic reconstruction must come up without delay into the forefront of the battle. The first demand will be that the State shall not suddenly or rapidly let down the volume of demand for labour by stopping public expenditure at a time when the labour markets will be flushed by a rapid return of men from the fighting forces into industry. Even if the required plant and material were available and labour were present in abundance, the vital factor of business confidence is likely to be lacking. If the Government were suddenly to stop its war contracts or to reduce them with great celerity, there is no reason to believe that the enormous demand for labour which they represent would automatically be transferred to private enterprise. By Prussian-Australianism the author mean a combination of the capitalist-bureaucratic organization of industry and commerce practised in modern Germany with the nationalist-labour policy of Australia.