| Subject: | Re: [socialcredit] RE: OWNERSHIP: Malthusian Pessimism--Wally comments | | Date: | Thursday, March 3, 2005 20:57:58 (-0700) | | From: | Wallace M. Klinck <wmklinck @....ca>
|
From a Social Credit standpoint the reality is that mankind faces potential
and actual abundance. True also, however, is the observed fact that society
engages in enormous and increasing wasteful and even destructive activity
which not only fails to make a positive contribution to the quality of life
but actually has a negative impact upon it. Because of the faulty existing
price-system which generates financial prices in exponentially increasing
amounts relative to the generation of financial incomes, we are compelled to
engage in superfluous and wasteful activity in order to generate financial
incomes sufficient to allow access to the fruits of industry. Excess
capital expenditure is required to inject further financial income into the
system--or consumption must be financed by exponentially increasing
financial debt. We are driven to engage in further production in order to
service and repay this debt. The more the economy becomes modernized
(physical capitalized), the greater the deficiency of purchasing-power and
the more we must resort to wasteful production and/or irredeemable debt.
This mining of the earth's resources is not primarily due to "greed" but
rather to the unavoidable necessity to struggle in an evermore futile
attempt to meet the demands of a defective financial price-system--demands
which in the context of orthodox debt finance are impossible of fulfilment.
We are on a financial treadmill which is being more and more steeply
inclined while we must run faster and faster, while slipping backward all
the time.
Wally
----- Original Message -----
From: "Ed Dodson" <ejdodson@comcast.net>
To: <ownership@cog.kent.edu>
Cc: <austrianschoolofeconomics@yahoogroups.com>; <socialcredit@elistas.com>;
"W. Curtiss Priest" <bmslib@mit.edu>
Sent: Thursday, March 03, 2005 10:02 AM
Subject: [socialcredit] RE: OWNERSHIP: Malthusian Pessimism
> Ed Dodson responding...
> As a member of the small global community of stalwart supporters of Henry
> George's analysis of political economy, I am in the camp who believes
> there
> is no actual scarcity of natural resources. That said, it is also very
> true
> that our systems of law -- embedded as they are with privilege -- result
> in
> enormous misuse and waste where the natural environment is concerned. We
> are
> all by our nature "rent-seekers" and the laws of the land encourage rather
> than discourage this behavior.
>
> Some of my colleagues in the "Georgist" community label me a
> neo-Malthusian
> because I have argued that under the current circumstances and our current
> means of producing goods the human footprint on the earth must be reduced
> if
> we are to survive long enough to solve the problems created by the way in
> which we are organized and live.
>
> China is becoming a demonstration case to show the link between
> uncontrolled
> development, a huge and growing population and migration of population
> from
> rural to urban regions: loss of fertile cropland, desertification of areas
> cleared of forest cover, interruption of the natural cycle of renewal
> created by river flooding, reliance on irrigation for agriculture
> (draining
> aquifers) etc. etc. Even in the United States, the differences are
> differences only of degree.
>
>
>
>
> ---------------------------------------------------------------------
> You're subscribed to this list with the email wmklinck@shaw.ca
> To unsubscribe, send a message to
> socialcredit-unsubscribe@elistas.com
> For more information, visit http://www.eListas.com/list/socialcredit
>
|
Re: [socialcredit]
Reply to this message