Thursday, October 6, 2011

A Slow and Dragging Cure

Addendum to the Keynes and the Lancashire Cotton Industry. I need to integrate into the earlier section on Keynes the paragraph below, which so graphically illustrates why decline has to be looked at differently than development and which contains the compelling image of the "slow and dragging cure".

The method of building up a growing industry by individuals adding spindle to spindle and mill to mill when they see profitable opportunities to do so, works perfectly well. But... this system includes no provision whatever for reversing the process, except the slow and dragging cure which time brings at last by decay and obsolescence.
Time is irreversible.

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