| Subject: | Re: [socialcredit] RE: Solomon Islands from Electronz - To Kenneth Pa | | Date: | Thursday, August 4, 2005 16:14:00 (+0100) | | From: | Kenneth Palmerton <kenpalmerton @................uk>
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In-Reply-To: <20050801202004.557.qmail@mail.egrupos.com>
Yes Peter. But who has the incentive to make use of those available
statistics?
Certainly not the banking system as it operates now. Their criteria is
based entirely upon what they term "credit worthiness". The ability, that
they themselves assess, of the ability to repay, plus the interest.
Should the community have a pressing need, for whatever, and the ability
to produce, then without this privately applied sanction, Tough Luck :-(
For me, and very many others I am glad to say Peter, that is NOT good
enough.
I think we are now in the realm of another problem, concerning productive
capacity. I think it is proven that we are now capable of producing so
much that we can not only drown in the stuff, but totally deplete this
finite planet of all that which actually sustains our life here.
Some thought, I think, has to be given now about WHAT we should produce,
and in what quantities. For me the unbridled "free" market has no
mechanisms to take this possibility into consideration.
Free market Capitalism has largely solved the problems of production. It
has hardly started upon the difficulties of consumption.
Ken.
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