SECURITY VERSUS INSECURITY 



altogether is to have the government in some way or 

 other control if not own and operate all industry. 



Neither the formula for mitigation which merely 

 shifts the cost of unemployment from those unem- 

 ployed to those employed, nor the formula for ending 

 unemployment which merely shifts the control of 

 our economic life from capitalists to public officials of 

 some sort or other appeals particularly to me. Nei- 

 ther furnishes, in my opinion, a cure for the funda- 

 mental defect in our present economic system the 

 excessive dependence of individual men and women 

 for their livelihoods upon the smooth functioning of 

 nation-wide and even international economic ac- 

 tivities. 



There remains to be considered the formula of 

 despair that the unemployed should leave our cities 

 and turn to farming to support their families. But the 

 modern farmer, specializing in the production for sale 

 of wheat or cotton or milk, has just as difficult a prob- 

 lem in employing himself profitably as has the wage- 

 worker or the office-worker. For the unemployed to 

 exchange their present dependence upon industrial 

 activity for dependence upon agricultural prices 

 for them to exchange the insecurities of the labor 

 market for the insecurities of the grain or cattle or 

 produce markets is merely to jump out of the 

 frying-pan into the fire. 



The only reason that everybody does not as yet 

 recognize the fact that the average farmer has a 



