Abstract
IN a recent article in the Karachi Daily Gazette, Capt. Petavel, formerly lecturer on the poverty problem at the University of Calcutta, strongly advocates the formation of co-operative colonies as a solution of the problems of unemployment and poverty in India. He suggests that the colonies should be open not only to those who have merely their labour to offer, but also to those who would contribute capital, land or equipment. All would be co-operators in their way, and would have a share of the products. The workers' remuneration would be mainly in kind, but part might be in money. This would enable the more ambitious to save, and in time to launch out on any small undertaking they might fancy. If they failed, they could return to the colony, which would o thus provide opportunity with security. As the colonies developed, they could adopt a system of ‘exchange tickets’ redeemable in the produce of the colony. Thus it is claimed purchasing-power would always be commensurate with productive power. People could always get work in the colony, because they would get a ticket to take away what they had produced. To reinforce his argument, the author refers to the Swiss Labour Colony at Witzwil and that at Llano in Louisiana.
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Unemployment and Poverty in India. Nature 133, 716–717 (1934). https://doi.org/10.1038/133716c0
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DOI: https://doi.org/10.1038/133716c0