The house of Industry : a new estate of the realm

40 THE HOUSE OF INDUSTRY

it may well be that a commodity may be deliberately sold at a loss to secure elsewhere a greater economic gain. Obviously this would be unfair to the shareholders of the losing trade and foolishly liberal to the gaining trade. The conclusion would therefore seem to be that, since no question of confiscation arises, all dividends should be stabilised. This means that shares must be changed into some form of debenture, or fixed charge, or perhaps into annuities. —

Of course, the House of Industry could follow the example of the Banks. A few years ago, they deflated the currency, a ramp worth to them and their associates about £1,000,000,000. If morally defensible, the House of Industry can inflate to meet any situation forced upon them by the possessing classes.

Dooley didn’t mind how the people voted so long as he did the counting. In like manner, the House of Industry need not fear equitable compensation, if it has control and co-ordination.