| Subject: | [socialcredit] welcome to new subscribers | | Date: | Thursday, August 12, 2004 09:37:47 (-0700) | | From: | william_b_ryan <william_b_ryan @.....com>
|
Due to software problems with our former host,
Topica, it has been more than a year since it was
possible to subscribe to this list. Many subscribers
who were subscribed were lost through "glitches" of
one type or another. Since our recent transfer to
our new host, Elistas, several new subscribers have
come on board. Welcome.
Some introductory materials to the subject of Social
Credit are archived at
http://www.geocities.com/socredus/compendium
I invite discussion on the following introduction to
C. H. Douglas's famous (or infamous) "A+B theorem."
--
These are the three elements essential to the
"structure" of Douglas's A+B theorem, as enunciated
in his books *Control & Distribution of Production*
and *The Monopoly of Credit*.
1. The displacement of labor: In *Control &
Distribution* this concept was conveyed through
the metaphor of the shifting ratio of "Atlas's
lever."
2. The tautology: "Since A cannot purchase A+B, a
proportion of the product equivalent to B must be
distributed through a form of purchasing power
not included in A."
3. The observation that the "purchasing power not
included in A" that is required to distribute
the product is mostly loan and export credit.
Note that the theorem does not itself say that
any portion of the product is not or
necessarily will not be distributed.
The theorem says that with labor displacement, the
flow of purchasing power to final consumers must
fall, as a matter of logic, in respect to the flow of
costs being charged against sales at the point of
retail.
It is postulated that the differential is made up
through export credit ("favorable" balance in trade),
or additional loans, compounding debt.
Policy recommendations entail rationalizing this
process through the "Dividend" and "Discount" to
restore consumer sovereignty.
--
Bill Ryan
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welcome to new sub
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