Excerpt -
Material wealth can be produced in two ways: One is by using capital instruments of production with very little labour, and the other is a minimum of capital instruments with the maximum labour. In the conditions that prevail in our country, therefore, the latter method is more suitable. People have not the capital to obtain instruments of production standardized and centralized industries. But we have unlimited labour power waiting to be used. In America and England, the methods of production that they have evolved, have a direct reference to the means of production that were available to them. There the labour force was meager, while capital was in plenty; while the opposite is true of our country at present. Hence to apply the methods that will fit into the set of conditions which obtained in the West to our country now, where another set of conditions prevails, would be a folly.
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