| Subject: | [socialcredit] Swanwick Principles | | Date: | Thursday, December 8, 2005 14:30:46 (EST) | | From: | Triumphofthepast <Triumphofthepast @...com>
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The Swanwick Principles, Joe, are just that - principles. You'll find that I (1) follow the text very simply and (2) offer a whole, coherent picture into which they fit seamlessly. You are worried about by what mechanisms Swanwick #2 will be achieved. I am interested, of course; but as you point out, bankers are to be administrators working for us, and coming up with suitable mechanisms is their job. You and I aren't going to let them off the hook by backing off from the principle just because we don't see the mechanism. In particular, you should not assume that we are limited to the traditional loan at interest. Why should we be?
"Investment" and "employment" are parallel concepts. Your chief anxiety seems to be, What if you WANT to start/expand a business but society, via the bank, declines to be your investing partner? It is similar to the question, What if I want to work, but there are no jobs? To answer these questions, first get into your head the fact that you are rich; for we are, each and every one of us, rich. Then make sure you know what it is you really want. Is it to run a business for the pleasure of doing it or to work at a job for the pleasure of working at it? Or is it money? If it's money, you are already rich. If it's pleasure, then you don't need to make money at it, so you don't need to organize a business in such a way or on such a scale as to make money. You need to consider what it is you actually enjoy about the business/job and go for that directly. You should think of it, in fact, more as an avocation or hobby. So the question is, If society, via the bank, declines to finance you as a producer, can you finance the same activity yourself as a hobbyist? The answer on principle should be yes. It does, however, make fuzzy the difference between capital goods and consumer goods; if you require wood, for example, it will be considered a capital good if you are financed as a producer and a consumer good if you finance yourself as a hobbyist.
Michael
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Swanwick Principle
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