| Subject: | RE: [socialcredit] Reply to John Rawson | | Date: | Monday, April 16, 2007 22:52:12 (+0200) | | From: | Norman <marketnr @.......com>
|
| In reply to: | Message 4702 (written by Wallace Klinck) |
Production credit type ‘demand’
creating methods (Child and Health Rights) are proposed for the recovery of Zimbabwe, with supply side ‘Investment rights’
based on a new local economic development ‘rights programme’
adopted in South Africa.
It is attached. It has the backing of the undp as the best approach for fifty
years or more to work with the poor.
Norman Reynolds
Johannesburg
From:
Wallace Klinck [mailto:wmklinck@shaw.ca]
Sent: 16 April 2007 08:34 PM
To: socialcredit@elistas.com
Subject: Re: [socialcredit] Reply
to John Rawson
Thanks, Richard. Perhaps
I should have said, to avoid confusion or misunderstanding, that in any
sovereign state production credits can be issued fully to mobilize the creative
resources of the nation, in accord with consumer desire. This does not mean
that the state should initiate the issue of credit for production so as to
control the policy of production, which latter should be vested not with the
state but with the consuming public as a body of individuals. Nor does it mean
that the productive capacity of a nation would be expected to be fully
exploited in a phrenetic frenzy of production activity. In the Social Credit
sense, the option of increasing leisure must be factored into the concept of an
economy operating at "capacity"--that is, the economic activity of
the community should function optimally.
On 16-Apr-07, at 8:01 AM, Richard Cook wrote:
An excellent statement. Thank you.
Subject: Re: [socialcredit] Reply to John Rawson
Date: Mon, 16 Apr 2007 01:33:34 -0600
Some brief comments to another correspondent who had offered a critique of another author. Offered in the hope that they may relevant to Richard Cook's current
endeavors:
"You are quite correct in noting that author Philpott fails to
deal with the consequences of the
replacement of labour by technology, this
being of crucial importance as it relates to the present defective financial system.
"Countless authors point
to many of the obvious painful symptoms of our
flawed financial system which fails to facilitate consumption without creating spiralling, accumulating
and unrepayable debt. The central economic problem is not primarily
production but one of consumption and
this problem is directly related to the mechanism of finance and banking to which we so
tragically adhere. Any sovereign state can issue production credits to
facilitate deployment of its proven
available creative resources. It can
also issue consumption credits
directly to all citizens and also to all retailers to effect a falling price level and full consumer
access to the output of each production
cycle--within that same cycle. The
present financial system creates
financial costs and prices at an increasing rate relative to the rate at which it
distributes financial incomes. Unfortunately, it only issues money in the final
analysis for production and never for
consumption except as bank debt which has to be
repaid out of future production. This
simply creates an increasing imbalance
between financial costs and distributed consumer income. I
attach a document which was prepared during the 1930s but which remains relevant today. It was largely inspired by Mr. L. Denis Byrne who subsequently was sent to
the Province of Alberta by Major C. H.
Douglas to advise that Province's newly elected (and first ever) "Social Credit"
Government in 1935. Social Credit
until it was betrayed from
within--which betrayal took only
several years to accomplish. So long as financial, economic and social
problems are "attacked" from
the puritanical standpoint of providing "work", they will only worsen--because such an
approach constitutes a fundamental
violation of natural law which must always carry its own unpleasant consequences. In nature, organisms have immediate access to the physical means of existing; the process is dynamic. Orthodox finance
and economics is static; individuals can only consume the output of any production cycle after they
first have borrowed against future
incomes (thereby incurring debt) and/or produced, additionally, something else in order to
acquire fully sufficient financial
income required to obtain the goods and services which are required or desired. Social Credit would implement measures
which would establish dynamic vs
static economics.
For your interest, I also attach an essay concerning "Ezra Pound
and Social Credit" and the poet's
flawed understanding of the later."
On 15-Apr-07, at 8:29 AM, Richard Cook wrote:
I just want to point out that the proposals I am workinig on just now include both direct creation of credit
by the government (non- tax, non-debt) for infrastructure spending and a
national dividend for citizens. I
believe that in today's conditions, both are needed.
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