252 INDUSTRIAL REVOLUTION AND WAGES

AGENCIES FOR INDUSTRIAL COORDINATION ADVOCATED

This new coordinating agency for rational business
development will be supplemented, Mr. Mazur also predicts,
 by other fundamental tendencies, such as further
consolidations in production and distribution for the purpose
 of securing additional economies, especially in marketing,
 and for developing a greater recognition or degree
of control over consumers’ demand, thus securing the maximum
 of stabilization in mass production and distribution.


All other authoritative commentators agree with the
conclusion of Mr, Mazur. One of the most noteworthy
and stimulating contributions along constructive lines has
been made by Mr. Benjamin A. Javits, of New York,
who has also prepared a report on the subject for the
consideration of the American Bar Association, so far as
legislative action may be helpful. He recommended that
industry in its movement toward further consolidation be
released from the Sherman, Clayton, and other “anti-trust”
laws, and that at the same time the personnel of the Federal
 Trade Commission be changed so as to be more representative
 of business and its powers extended so that
it might guarantee that production and distribution should
be conducted on the basis of reasonable profits and prices.
Fundamentally, he held, however, that sound future
policies must be worked out by industry itself, through an
inter-industry coordination agency analogous in function
to the War Industries Board of the World War, which
he designated as an “Institute of Industrial Coordination.”
Under such a procedure for cooperation and coordination
it would be possible in time, he asserted, to abolish poverty
and unemployment, and also—by extending the movement
internationally—to construct the only sound basis of world