| Subject: | [socialcredit] core statement of the theorem | | Date: | Friday, July 1, 2005 04:33:56 (-0700) | | From: | William B. Ryan <w_b_ryan @.....com>
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The core statement of the theorem is this:
___Since A cannot purchase A+B, a portion of the
product equivalent to B must be distributed by a form
of purchasing power not included in A.___
The statement is literally true by its definitions
inasmuch as it applies to any representative firm.
There is no inference in the statement that the
portion of the product equivalent to B paid by that
firm cannot be distributed by the salaries, wages and
dividends paid by other firms.
If we take the representative firm to be the retail
sector, and take other firms to be the totality of the
remainder of the structure of production, it is
certainly POSSIBLE that the salaries, wages and
dividends paid by the remainder of the structure of
production will equal B paid by the retail sector.
But if the retail sector through labor SAVING
technology is reducing its ratio of A to B, it must
necessarily be the case that the remainder of the
structure of production must be increasing its ratio
of A to B through labor WASTING technology for the
possibility to exist that salaries, wages and
dividends paid by the entire structure of production
will equal the retail sector's A+B charged to the
public.
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core statement of 
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