| Subject: | Re: [socialcredit] Re: the accounting model | | Date: | Friday, September 9, 2005 19:40:03 (-0400) | | From: | Keith Wilde <keithwilde @.........ca>
|
| In reply to: | Message 2774 (written by Martin Hattersley) |
I just noticed today, in looking in the Canada Yearbook for something else,
that Statistics Canada has been compiling a "National Balance Sheet" since
1990. Has anyone here had a look at it for the purpose of seeing how far it
goes toward the requirements of a National Credit Account?
Keith Wilde
----- Original Message -----
From: "Martin Hattersley" <hattersleyjm@interbaun.com>
To: <socialcredit@elistas.com>
Sent: Friday, September 09, 2005 5:41 PM
Subject: Re: [socialcredit] Re: the accounting model
> 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.
>>
>> -------- Original Message --------
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>> From: cymric@xtra.co.nz
>> To: socialcredit@elistas.com
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>> Subject: [socialcredit] Re: the accounting model
>> X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
>> X-UIDL: _JiF.7YWIDB.mta03.mx
>>
>> 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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>> http://www.geocities.com/socredus/compendium
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>>
>>
>>
>>
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