Elmer Fudd as King of the Elves: A manufacturer who sticks to old equipment cannot compete, and must fail. To survive, he must persuade people to risk savings in his business. He can then buy new equipment, increase production, and show a profit.
Shoemaker: And he keeps the profit?
Elmer Fudd as King of the Elves: Oh no, that's what a lot of people think. But he doesn't. Out of profit, he must pay dividends to investors. Profit must be put back into the business to fund newer and better machinery.
Shoemaker: Spend his profit on machinery? When does it all end?
Elmer Fudd as King of the Elves: It never ends! Constant replacement with the latest machinery makes the industry more efficient, thus enabling it to pay higher wages and still make a profit. This efficient operation also results in more goods, a better quality, and produces them at a lower cost to everyone!
Shoemaker: By thunder, if that's the way it's done, I'll do it!