Reliance on the State's Coffers There is also always the
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unfortunate impression that cost and waste are not of such great importance because the coffers of the State are available to make up any deficit. The railway and bus men and miners might have thought twice before demanding considerable increases in wages if they had not had this major point in their minds. Too many fail to realize that, in the end, it is the individual citizen who has to foot the bill by way Of additional taxation and, possible privation.
If these were the only results things would be' bad enough, but there is the other even more important effect. Additions to the cost of our basic industries automatically increase the prices of practically everything that we produce, yet to
live in reasonable comfort and security, we must increase still further our sales abroad. Already, however, resistance against our cornparatively high price-, is steadily growing, the sellers' market has almost finished, there is more internal and external competition and, perhaps, more vital ' than anything else, there is a lack of confidence in our present regime, which has spread throughout a large part of the world.