
audiobook
In this thought‑provoking essay the author examines why, even as factories and farms brim with surplus, ordinary people struggle to afford basic comforts. He argues that the traditional view of scarcity no longer fits a world of abundant production, and that the real problem today is a mismatch between what is made and what consumers can purchase. By tracing how habits shifted from frequent replacement to prolonged use of goods, he shows how this “law of obsolescence” has been reversed, leaving both workers and businesses in a deadlock.
The writer proposes a bold solution: a systematic, government‑guided program that deliberately phases out items at set intervals, creating a steady flow of demand and restoring employment. This planned turnover, he suggests, would generate reliable revenue for the state while re‑energizing the market. The early chapters lay out the economic logic behind such a strategy and invite listeners to reconsider how planned change might revive prosperity.
Language
en
Duration
~28 minutes (27K characters)
Publisher of text edition
Project Gutenberg
Original publisher
New York: self-published, 1932.
Credits
Bob Taylor, Tim Lindell and the Online Distributed Proofreading Team at https://www.pgdp.net (This book was produced from images made available by the HathiTrust Digital Library.)
Release date
2023-11-01
Rights
Public domain in the USA.
b. 1872
Best known for a provocative 1932 pamphlet, this Russian-born American real estate broker is often linked to the early idea of planned obsolescence. His short work tried to explain how shorter product lifespans might help revive an economy battered by the Great Depression.
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