PDA

View Full Version : Social Credit: Worth Revisiting?



Macrobius
03-21-09, 19:33
Discuss.

Some resources --

A simple explanation: http://www.michaeljournal.org/boucher1.htm




First, it is important to present the many elements that represent as many premises in the reasoning that implies the diagnosis and the solution of the Social Credit economic theory.

According to C.H. Douglas himself, all of his economic views are based on a few basic proposals, of which the main three are5:

“(a) That the financial credit pretends to be, but is not, a reflection of real credit as defined in (b);

“(b) Real credit is a correct estimate or, if it be preferred, belief as to the capacity of a community to deliver goods and services as, when, and where required;

“(c) That the cost of production is consumption.”


An up to date blog: http://social-credit.blogspot.com/

Interesting article (Eric Butler):

http://www.bankwatch.info/


Most orthodox history that is crammed into the heads of our children is one long list of contradictions. There is no real background to our social development because the main underlying factors have been completely ignored. The part played by the money system in the growth of society has been tremendous; yet how many of our historians mention it?

We teach our children about the development of the British Commonwealth of Nations, although the real basis of this growth has been either neglected of distorted, while the development of that powerful, private and anti-social institution, the Bank of England, is very rarely mentioned.

If we are really desirous of preserving and developing British culture, it is essential that we attempt to gain at. least an elementary knowledge of the attack which was launched against the British people at the time of Cromwell.

It is significant that the introduction of what has been termed a "spurious Whig culture," marked the origin of the present banking racket in Britain. This cultural and financial attack has been going ever since, although there is sound reason to believe that the enemy is at last being turned on both flanks However, as yet, there is no sign of a rout in the enemy's ranks. Even the London "Times," one of the chief mouthpieces of the financial oligarchy, offered the following criticism of "Whigism" in its issue of August 4, 1840:
"There is certainly in 'Whigism' an inherent propensity to tyranny; and of all the methods which tyranny ever invented for sucking out the essential vitality of free institutions, without appearing materially to touch their forms, this centralising system is the most plausible and the most pernicious. . . If it shall be fully carried out, British liberty ... will rest no longer on the possession of constitutional power by the people, but upon the sufferance of a majority of those who, for the time being, may call themselves the people's representatives."

The man who wrote the above lines, 100 years ago, had a deep insight into the principles of social organisation. Those who seek to re-write history find it a very formidable undertaking, because it has become a "vested interest" with the official historians. Any historian who refused to portray Cromwell as a saviour of the British people, pointed out that his real name was Williams, and that he belonged to a small group of men who had been enriching themselves at the expense of the Monarchy and the people, while bringing a group of foreigners from Holland to batten on the British people, would not find his books recommended for use in our schools or universities.
...


A library: http://www.alor.org/Library1.htm#1a

Maj. CH Douglas' primary work: http://www.mondopolitico.com/library/socialcredit/socialcredit.htm

ADDED: A Catholic view: http://www.michaeljournal.org/10lessons.htm

Frank
03-22-09, 11:27
Alright, I get a b and c (and the equation that goes with c).

But now if there's no reward for producing goods that are in high demand, what will be used to invest with to expand capacity and to develop research? Too much is going to the consumers here (via cheap goods), who'll then likely overconsume.

Maybe I'll find the answer - I haven't finished reading everything yet. Perhaps the owner's "fair wage" is dependent on demand for further investment somehow?

-

On an unrelated note, from the bankwatch link:


In 1847 a British Parliamentary Committee took evidence about the Bank of England. One witness, a Mr. Samuel Gurney, was asked a question concerning the functioning of the Bank in the public interest. The question was as follows: "Is it not a principle laid down by the Act of 1844, that in all its dealings with the public the Banking Department of the Bank of England is to carry on its transactions with reference to its own interest alone, arid not with any view to the public advantage?"
Mr. Gurney, known in his time as "the bankers' banker," replied:
"That is one of the principles to be followed under that Act."

fellist
04-07-09, 03:03
On a related note, American and European employee owned businesses:
http://www.nceo.org/library/eo100.html
http://www.efesonline.org/TOP%20100/TOP%202006/TOP%202006%20EN.htm