| Subject: | RE: [socialcredit] Re: productive capacity | | Date: | Friday, August 5, 2005 21:01:54 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
A very extreme exemplification of the "gap", presumably based on deep slump
conditions and certainly not applicable to today.
This is one of the Douglas concepts which, taken out of context, lead SCers to
promise the moon without foundation.
John R.
From: "William B. Ryan" <w_b_ryan@yahoo.com>
Reply-To:
socialcredit@elistas.com
To: socialcredit@elistas.com,
cogexec@cog.kent.edu
Subject: [socialcredit] Re: productive capacity
Date: Fri, 5 Aug 2005
06:16:48 -0700 (PDT)
>For the Douglas perspective on productive capacity
I
>recommend reading Chapter X of *Credit-Power and
>Democracy,* and Chapter II
of *Control and
>Distribution of Production.* I will forward
>photocopies of both
chapters in PDF format to anyone
>who requests. Fair Use is claimed.
>
>The
following is from *Control and Distribution*:-
>
>I invite
discussion.
>---------------------------------
>
>pp. 37-38:
>
>It must be
obvious that the real limit of the rate at
>which something representing
purchasing-power could
be
>issued to the _public_ is equal to the maximum rate at
>which goods can be
produced, whereas the 'taking back'
>through prices of this purchasing-power
should be the
>equivalent of the fraction of this potential
>production which is
consumed.
>
>Let us imagine that wages, salaries and dividends,
>added together,
were issued via the productive
>industries at a _rate_ representing the
maximum
>possible production of ultimate products, and actual
>consumption was
only one quarter of potential
>production. Then, clearly, the community would
only
>have exercised one quarter of its potential demand.
>
>But the whole of the
_costs_ of production -- the
>issues of purchasing-power through the agencies
of
>wages, salaries and dividends -- would have to be
>allocated to the _actual_
production as at present,
>and if we charge the public with the whole cost
of
>production their total effective demand is taken from
>them.
>
>But if we
apply to the ascertained cost of production
>a fractional multiplier equal to the
ratio of actual
>consumption to potential production, then we take back
>in
prices that portion of the total purchasing-power
>which represents the actual
energy draft on the
>productive resources of the community and the price to
>the
actual consumer would be, in the case above
>mentioned, 75 per cent less than
commercial costs.
>-
>
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