'A Proposed Solution puerile and will get us nowhere except into a World War. We have got realize that Japan has become industrialized and that the natural consequence is that she is forced, under our present system, to take the same steps as were and are forced on other Industrial nations.
Surely the sensible thing for all parties isto investigate the cause of all these pothers. A fair number believe it is due to the imperative necessity of releasing salaries and wages in the home market and by exporting the goods made, enable already manufac tured products to be sold at home. To this, I subscribe. If all nations—and all nations are gradally becoming Industrialized—try to obtain an exe port surplus, it will be essential for Us to begin an extra-cosmic trade and we do not yet know whether this is possible. We should, however, be able to realize the absurdity of the position, It is a physical truth that an exe port surplus in one direction means fan Import surplus in another, There> fore, instead of boggling about effects, why should we not come down to causes and try to discover why tt is that, with wonderful productive facilles' at our disposal, the many are denied? Why is it that we waste time Ju fixing tariff barriers, quotas, ete, when the blunt truth is that there fs not a country in the World where the people do not require more than they are getting?
To the Editor of the "Nonrn-Cuana Dany News Sim—There has been much in the Press of late regarding the above and parleys and discussions have taken and are taking place until one begins jarly conceivable aspect to have been eft untouched. Unfortunately there has been and it happens to be only tone worth discussing. I refer to the Jcauses which were operative in 1914 which made it imperative for Germany to seek greater spheres of influence. These causes are the root It would appear that the idea of present day government is to protect an archaic financial system and hamper industry in every conceivable way. T cannot help thinking that a real good government would consider its first duty to be the task of delivering to its people all goods required that could physically be supplied. This done, the search for export surpluses would cease and I'l hazard the star ment that competition would change from being ruthless to' benign.
Shanghai, May 11, reason for the constant attempts on the part of major nations to secure Jan export surplus and the consequent ruthless competition that is rife throughout the world.
Without going any deeper into the matter at all than the obvious, an export surplus means the giving away lof more real wealth than you receive, This would be very Christianlike if one from Christian motives but it is not. The financial reflection of it would be in giving away more money than you receive and how long does any firm last if forced to do this?
Here is the paradox. A nation is a collection of individuals yet the type Jof financial economy imposed on individuals is entirely reversed when comes to the nation.
Now in Japan we have the latest Jexample of a nation being forced to give more for less. Logically we Ought to thank her. Actually we rail at her sacrifices which are very real sithoush she may not consider" them In the past other nations have done precisely the same thing. The hypo-al attitude of righteous indigna-0 often adopted in regard to Japanese conipetition Is merely
Text read from the printed page and cleaned; old type leaves the occasional error.