From the January 1925 issue of the Socialist Standard
All the Conservative papers during the General Election made great play of the increase in unemployment during the last ten months. Now the papers are full of figures showing that imports and exports have largely increased in the same ten months compared to the similar ten months of last year. What better proof is required of the falsity of Ramsay MacDonald’s claim that the way to reduce unemployment is to develop world trade. Trade may be greatly increased, but if more economies and labour saving methods are used in production the increase in trade can actually be carried on by fewer employees.
The wider use of labour-displacing methods since the war and the growing number of combines and trusts are facts which make the cry of “More Trade” mean nothing to the unemployed.