| Subject: | Re: [socialcredit] Re: the accounting model | | Date: | Friday, September 9, 2005 15:41:35 (-0600) | | From: | Martin Hattersley <hattersleyjm @.........com>
|
The illustration of the cultural inheritance that I like is that, if the two
greatest musical composers of all time, Mozart and Beethoven, had been paid
even one cent per hearer for all the performances of their works that have
taken place since their death, they would be millionaires.
As it is, both died in poverty!
And their works will provide enjoyment to mankind free of charge, for many
centuries to come.
Martin Hattersley
1970-10123-99 St. Edmonton AB Canada
Phone (780)423-2081; Fax (780)425-5247
e-mail: jmartinh@shaw.ca;
hattersleyjm@interbaun.com
----- Original Message -----
From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
To: <socialcredit@elistas.com>
Cc: <kenpalmerton@cix.compulink.co.uk>
Sent: Friday, September 09, 2005 10:47 AM
Subject: Re: [socialcredit] Re: the accounting model
> In-Reply-To: <20050909050135.605.qmail@mail.egrupos.com>
> Hi Peter.
>
> The clearest explanation of the "Common cultural inheritance" that I have
> ever had the benefit of is the example of the wheel.
>
> It was explained to me that I as a consumer had the benefit of lots of
> things that came down to me gratis, from the efforts of anonymous persons
> from the past. I did NOT pay them for these advantages.
>
> When I asked for an example, for remember I too was once unaware of all
> this, I was told of the wheel, inverted long ago, and I do not pay for its
> use :-)
>
> Ken.
>
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> From: cymric@xtra.co.nz
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> Subject: [socialcredit] Re: the accounting model
> X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
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>
> Howdy Michael,
> Its not clear to me who's comments make up the post. My guess is your
> comments are from "Its a usefull analogy...", and the rest is Bills.
> I dont recognise the Cultural Heritage, seems to me the author thinks
> everything of value up to last night is such and yet he has read Douglas.
> Douglas is so much clearer and easier to understand, seems to me this
> version is good for confusing people.
> Peter h
>
> Triumphofthepast@aol.com wrote:
>>
>> Bill has suggested that the National Credit Account is modeled on the
> capital
>> account of a single business. The National Dividend would then be
> analogous
>> to drawings or dividends.
>>
>> In Douglas's boots example in Economic Democracy, animal skin is turned
> into
>> rawhide, the rawhide is turned into leather, and the leather is turned
> into
>> boots. The national credit account is correspondingly written (1) up by
> the
>> value of the hides, (2) up by the value of the leather and down by the
> value of
>> the (consumed) hides, and (3) up by the value of the boots and down by
> the
>> value of the (consumed) leather.
>>
>> If the national credit account is thought of as representing the
> Cultural
>> Heritage, then we can say that the boots enter the stream of the
> Cultural
>> Heritage incrementally with each stage of production. Each stage makes
> the nation
>> richer and so results in a net increase in the National Credit Account.
>>
>> The nation, through a banking system as public servant, will have to
> devote
>> some quantity of consumer goods on the shelf as an incentive for new
> production
>> (by allocating them to production). Due to improvement of process, this
>
>> quantity may well be less than the full tally of goods on the shelf.
> Then the
>> balance of goods constituting the Cultural Heritage in effect already
> belong to
>> the public. They only need to come and take physical possession by
> presenting
>> tickets (money). A National Dividend of tickets is a way to ensure that
> this
>> National Dividend of goods takes place.
>>
>> How does the Cultural Heritage compare to the capital account of a
> business?
>>
>> A business is an association. The capital account of a business means
> that
>> all the assets of the business that are not owed externally
> (liabilities) are
>> owned internally by members of the association. Some of its assets are
>> physical things like property, plant, and equipment. But part of its
> assets is
>> cash.* Cash is tickets to the nation's goods and services, so we can
> say that part
>> of a company's assets are claims to other companies' inventories.** The
>
>> greater part of these claims to other companies' inventories is retained
> and
>> invested in new production. Claims to other companies' inventories not
> retained is
>> paid out to members in the form of dividends, or drawings.
>>
>> Similarly, a nation is an association. The National Credit Account
> means
>> that the wealth of the nation that is not owed externally (to foreign
> entities)
>> is owned internally by the citizens. Similarly also, some portion of
> the
>> wealth of the nation (at the discretion of a banking system as public
> servant?) is
>> invested in new production. The suggestion is that the portion of
> consumer
>> goods and services not needed to be invested in new production should be
> paid
>> out to members of the association of the nation (i.e., everybody) in the
> form of
>> a National Dividend.
>>
>> It's a useful analogy, but I note three key differences:
>>
>> 1. The concept of the Cultural Heritage implies that the national
> dividend
>> is a right, whereas a stockholder has no right to a dividend unless and
> until
>> it is declared.
>> 2. Stockholder dividends are paid out of retained earnings, which come
> from
>> sales; whereas the national dividend is money created for the purpose.
> Cash
>> is a limitation to the single business, but not to the nation. If the
> goods
>> and services exist, the nation can create the cash.
>> 3. Stockholder dividends are offered as an incentive to attract
> investors to
>> production. The national dividend is the opposite, a release from the
>> necessity for more production.
>>
>> Michael
>>
>> *In accountants' language, "cash" includes money in a bank account.
>> **Douglas called attention to the error of counting the thing and the
> money
>> that claims it both as assets.
>>
>>
>
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