| Subject: | Re: [socialcredit] Stoll -- Wally responds | | Date: | Monday, January 9, 2006 01:25:37 (-0700) | | From: | Wallace M. Klinck <wmklinck @....ca>
|
| In reply to: | Message 3325 (written by Joe Thomson) |
Precisely, Joe.
While Douglas gave credit in "The Control and Distribution of Production" to
some of Stoll's destructive criticism he stated unequivocably that "we
disagree with the conclusion drawn from them--'Production on the great scale
will save us'" Douglas declared that the real issue was the necessity of
credit and price regulation and "as to whether they shall be in the hands of
the producer or consumer." He continued, "That is just exactly the point at
which we join issue with Sir Oswald Stoll, and the super-Productionists.
The practical implication of their policy is a continuous rise in the level
of prices of necessaries; we [Social Crediters] look to a continuous fall in
such prices."
Prof. Gorham Munson relates how Douglas (in one of his major works,
"Credit-Power and Democracy") similarly riddled the producer credit control
scheme of the English engineer and inventor Arthur Kitson who was a friend
of Edison and apprarently played a role in opening the eyes of Prof. Soddy
to the fraudulent nature of the gold standard. Evidently Kitson entered
into a personal relationship with William Jennings Bryan and in 1896
actually took the stump for him in a six-hour debate with the
Postmaster-General. Kitson began to think about money while in America and
became known as "the doyen of the New Economists." Munson credits him with
being a significant influence for fresh monetary thought in England, to
where he returned and continued his work in the spirit of free enquiry about
money. Apparently he became less focussed in his later years and "fell to
pottering around monetary ideas." While Douglas gave him praise for his
criticism of the gold standard and his role in attracting attention to the
importance of money, he explained how his recommendations would involve
enormous and wasteful expansion of production--and would confer upon the
producer the control of prices, making him, thereby, "lord of the world."
Again, as must be repeated again and again, one has to get one's philosophy
and policy "right" before plunging "into the middle of things" to make
changes to the financial system. Failure to do this is the cause of
brilliant men such as Stoll and Kitson falling into the fatal errors which
characterized their recommendations for rectifying the financial system.
Fundamentally, as Douglas said, this type of error arises from "...the
obsession of work for its own sake." In the issue of producer control vs
consumer control of credit "...we are confronted by the fundamental
alternatives of freedom and authority." We can opt for increasing leisure
in the context of abundance or for increasing economic sabotage and external
control over the individual--for genuine freedom or the growing tyranny
which characterizes the modern world.
Wally Klinck
----- Original Message -----
From: "Joe Thomson" <thomsonhiyu@shaw.ca>
To: <socialcredit@elistas.com>
Sent: Saturday, January 07, 2006 8:06 PM
Subject: Re: [socialcredit] Stoll
> Hello Ken,
>
> I believe the 'Stoll' you mentioned is Sir Oswald Stoll, who was a
> music-hall, and later, cinema magnate in pre- and post-WW I Britain. And
> who established and endowed the Sir Oswald Stoll Foundation to aid
> disabled
> British veterans to access adequate housing. It still exists, and carries
> on
> such work.
>
> Stoll is mentioned in Chapter Ten of Douglas's "The Control and
> Distribution of Production". From what's written there it seems he wrote
> a
> series of articles on money and credit control that appeared in 'The Daily
> Telegraph' newspaper in the early 1920's. The solution to the problem
> advocated by Stoll was apparently quite the opposite from that which
> Douglas
> was advocating. Stoll apparently was in the 'Producer' control of credit
> camp, rather than a 'Consumer' control of credit advocate as Douglas was.
> Douglas commended him for raising awareness about 'monetary reform', but
> discounted his proposed solution completely.
>
> Joe.
>
>
> ---------------------------------------------------------------------
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>
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