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Hello Tim,
I won't go into the effects of the 'Compensated Price' in regards to
international trade further here, since I'm hoping Bill Ryan or others who have
studied that particular issue a great deal more than I have will take
it up. And we'll both learn something.
But I will comment on the following:-
You wrote:-"I do believe a large number of
people will adapt
to "enough for nothing" and especially to "comfortable for
nothing" and do
nothing, so rendering the economic model and the economy
dysfunctional"
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I don't. And I think there's already evidence that such concerns
are largely unfounded. And especially so considering the way 'social
credit' would almost certainly develop ~ gradually.
To cite a couple of examples. The State of Alaska now pays out
a sizeable yearly 'dividend' directly to each of its citizens as their
share of their State's investment of North Slope oil royalties. A
'divdend' that seems to be continually growing. I haven't heard that
Alaskans are increasingly becoming shiftless lay-abouts as a
result. Or that it's affected their overall economy in any other than
positive ways.
And, if I recall correctly, many years ago the Canadian
government conducted an experiment in a rural area of Manitoba where
a group of people were given an 'unearned' income, to observe how they'd
behave. To see if some form of 'Basic Income' scheme would
negatively affect people's 'ambition'. It didn't. They behaved
pretty much as they'd always done. They still 'worked'. Only
they had some extra money to help them acquire things they might not have
otherwise been able to afford.
To be fair, though, I believe it would be safe to say that a sudden
investiture of all individuals with an 'unearned' income sufficient enough
for their needs might well result in many leaving their jobs. And,
what I believe in any case, possibly a temporary disruption to the
economy. (But I'm of the opinion it would be quite
'temporary'.) That is why Social Credit has called for a gradual
replacement of the wage with the 'dividend', which would be the only practical
way to proceed in any event.
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(Tim:-) "I am undecided about paying people to "stay out of the
way" as you call it
but certainly not in favour of indulging them to increase
their commitments
and responsibilities at others' expense. When this occurs,
then the mindset
tips into their 'right to a living', which is both absurd
yet very possible."
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We all have a
'right to a living', Tim. But one based on our inherited share in
the ownership of the 'cultural heritage' of our civilization. This is
largely what has made possible the generation of most of the benefits of what we
call 'progress'. And we should receive 'dividends' on it to fully share in
that progress.
Best wishes,
Joe | 
Re:- Swanwick Prin
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