Mr. GOULET (Translation):
The shadow is overcapitalized industry, industry on a large scale. The prey is the land, the soil, agriculture. A number of countries such as England, Germany and Japan, owing to an overcrowded population from which they suffered had to forsake the land and go in for an intensive and unbounded industrial development. They depend on other countries for their living. And it is in the former countries that the crisis is most acute: it is industrial, financial, commercial, and therefor social in character.
Here, in Canada, there would be no reason to suffer from such depression, if we had strictly adhered to the principle that agriculture is the foundation of all lasting economic structure, if we had not despised this axiom,
a common-place one, so admitted by all. Canada encloses a vast area of land suited to farming but not yet settled. The land at our disposal is perhaps not unlimited as it was truly pointed out, it is, however, considerable, especially in Ontario and Quebec.
We are fortunately witnessing a change of thought which we would, however, like to see, more general. Some still imagine that when they have discussed trade, finances, currency, gold standard, transportation, they have covered all topics and feel quite at their ease.
They are laggards, they were responsible for the fiasco of our immigration policy and our deplorable emigration to the United States. Governments are still entangled in the webs of incoherent economic theories.
Broadminded people clearly saw the path to follow. They advocated settling the country and the back to the land movement in order to relieve congested cities and bring back the deserters to the farm.
Topic: DEPARTMENT OF AGRICULTURE