Page:Gandhi - The Wheel of fortune.djvu/53

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INDIAN ECONOMICS
35

The painstaking author has bestowed no pains upon a study of the present movement or its scope. That the Government of India treats the greatest constructive and co-operative movement in the country with supreme contempt and devotes people’s money to a vain refutation instead of a sympathetic study and treatment is perhaps the best condemnation that can be pronounced upon the system under which it is carried.

The author’s argument is:

(1) The movement if successful will act not as a protective but a prohibitive tariff,

(2) This must result in merely enriching the Indian capitalist and punishing the consumer.

(3) The imports are non-competitive in that the bulk of the kind of piece goods imported are not manufactured in India.

(4) The result of boycotting such piece goods must be high prices without corresponding benefit.

(5) The boycott therefore being against the law of supply and demand and against the consumer must fail in the end.