What are the conclusions of Technocracy?
There are three basic conclusions. The first is that there exists on the North American Continent a physical potential in resources to produce a high standard of goods and services for all citizens, and that the high-speed technology for converting these resources to use-forms in sufficient volume is already installed, and that the skilled personnel for operating it are present and available. Yet we have unprecedented insecurity, extensive poverty and rampant crime. The second conclusion of Technocracy is that the Price System can no longer function adequately as a method of production and distribution of goods. The invention of power machinery has made it possible to produce a plethora of goods with a relatively small amount of human labor. As machines displace men and women, however, purchasing power is destroyed, for if people cannot work for wages and salaries, they cannot buy goods. We find ourselves, then, in this paradoxical situation: the more we produce, the less we are able t
