ABSTRACT
A Plan that is to meet the needs of to-day must be a Plan for unloosing productive energy, and not for restricting it. Rationalisation of industry is well enough, as far as it means the improvement of industrial technique, by lowering the human costs of production and thus making a greater output possible with a diminution of human effort. The choice is made for it, over its head, by the irresponsible fiat of those who control the machinery of production and finance. A community deciding by democratic means between more goods and services and more leisure must, in order to arrive at its decisions, have a clear idea of how the goods and services and the leisure are to be distributed; for their worthwhileness depends on their distribution. The ostensible object of protective policies is usually to secure the fuller employment of productive resources.
