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SMAD. An Organ of Student Opinion. 1936. Volume 7. Number 3.

Mr. Sherwood Speaks

Mr. Sherwood Speaks

An extremely interesting address on a current topicwas given by Mr. Dry Sherwood, a young London accountant, at the first meeting of the Free Discussions Club last Wednesday; but the poor quality of the ensuing discussionand questions showed a lack ofintelligent interest and appreciation.

Mr. Sherwood's diagnosis of the causes of the present tension contained two fundamental points: first the domestic discontent in every country due to poor living conditions. This lad to absolutism in the state since individuals would renounce their "natural right" or anything else in order to obtain better living conditions. Dictatorship becomes unpopular when credits are low and seeks a diversion in foreign wars. Second, there is an unnecessary bitterness in international relations due to the struggle over markets. Both these points are economic and the remedy lies in the world's monetary system which suffers chronically from a shortage of purchasing power. Mr. sherwood sday that the incomes distributed throughtout industry are not sufficient to buy the products of the system. The obvious result is comparative over-production and unemployment.