Word: commonwealthers
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Your criticism of the Chicago Commonwealth Edison Co. commercial [Dec. 20] urging homeowners to leave house lights on as burglar protection is a good example of emotional but practically worthless means to conserve energy. A homeowner will pay from three to six cents, depending on area costs, to light a 100-watt bulb for ten hours -cheap burglar protection, even during an energy crisis...
...several hours on the 1977-78 budget, a proposal for a $10 billion tax cut and the State of the Union message that he will deliver on Jan. 12. He also made the surprising announcement that he would ask Congress to enact legislation to admit Puerto Rico, now a commonwealth whose residents have U.S. citizenship, as a full-fledged state...
Schumacher does not limit his examples to Third World countries. The British worker-owned plastics factory which he describes, and of which he is currently a director, applies his views in an advanced industrialized economy. The Scott Bader Commonwealth is solidly placed in the ranks of modern industry, a leading producer of polyester resins as well as alkyds, polymers, and plasticizers. Its unique construction limits the size of the corporation to 350 people, however, in order that "every person in it can embrace it in his mind and imagination." If growth beyond this size appears necessary, new fully independent units...
...Scott Bader products may be sold to customers who are known to use them for war-related purposes. Profits are divided three-fifths for taxes and re-investment, one fifth for charitable purposes outside the company, and one fifth to partners in the Commonwealth...
...THESE self-imposed restrictions, during twenty years the company has increased its sales from $625,000 to $5 million in a highly competitive market. This commercial success does not prove worker ownership superior to stockholder-owned companies: conventional firms have had equal or greater successes. The merit of the Commonwealth idea lies in its accomplishment of human objectives which ordinarily are given second place or ignored entirely in commercial practice...