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Babson Warns Of Consumer Rebellion
Babson argues consumer resentment could spark a national wave akin to Townsendism and urges business to preempt this by tightening price policies. He cites cooperative movements in Britain, Scandinavia, and the United States as a model, noting their impact on prices and purchasing power while warning of potential disruption to merchants and bankers if price discipline fails. The piece includes historical context on Rochdale and global co ops and cites Babson’s assessment of current economic signals.
MENTIONED IN THIS ARTICLE
Babson Park
Florida
Toyohiko Kagawa
San Francisco
America
Federal Council of Churches
Christian Cooperative Movement
Japan
Great Britain
Continent
Rochdale
England
Scandinavia
Sweden
Norway
Denmark
United States
North America
Kagawa
Publishers Financial