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Message 3549
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| Subject: | [socialcredit] Costs? | | Date: | Thursday, March 2, 2006 11:07:25 (-0800) | | From: | Jeffery Smith <jjs @.........org>
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On Mar 1, 2006, at 1:37 PM, Joe Thomson wrote:
> (Joe replies:-) You do realize that the modern economy is
> 'creditary', do you not? I ask this because from reading what you've
> written, and also some of the material on your website, an impression
> can be gleaned that you do not.
Sorry about the misimpression. The need for credit does arise. It's not
possible for the need to be ever present, rather than seasonal or
occasional, or it could never be paid off. That's the impression you
create when you belabor the point of credit being needed. The credit
needed in a just economy and the credit needed in a hierarchical
economy are two different amounts, much less being needed in a just
economy.
> Firms do save and re-invest their 'profits'. But what may be prudent
> in the case of the individual firm can have a deleterious effect on
> the 'national' economy taken as a whole.
Can, but usually not.
> each time a firmre-invests retained earnings or 'profits', it creates
> a new set of financial COSTS
Such as?
> 'labour displacement'
The concern should be leisure displacement.
SMITH, Jeffery J., President, Forum on Geonomics
7536 SE Milwaukie Av, Portland Oregon 97202 USA
503/232-1337; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
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