Social Credit Economics (英語) ペーパーバック – 2014/1/31
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By presenting the key economic ideas of Major Clifford Hugh Douglas (1879-1952) in a clear, systematic, and comprehensive fashion, this work constitutes an academic standard of reference for those who wish to obtain a more advanced understanding of Social Credit economics. It is divided into three parts covering Douglas' diagnosis regarding the nature and cause of economic dysfunction in the modern, industrialized world, his prognosis, including an evaluation of the conventional methods of macroeconomic management, and, finally, his remedial principles and proposals. Just as Douglas' analysis goes to the very heart of what is structurally wrong with the financial and economic systems of contemporary civilization, "Social Credit Economics" effectively captures and distills the essence of his economic thought, rendering it more easily accessible to the broadly educated and reflective reader.
M. Oliver Heydorn graduated summa cum laude with a Ph.D. in philosophy from the International Academy of Philosophy at the Pontifical Catholic University of Chile. The IAP is dedicated to the study and promotion of realist phenomenology and other closely related schools of continental thought. Over the course of the last ten years, Dr. Heydorn has taught philosophy to undergraduates at three different institutions in three different countries. His articles have appeared in both scholarly and more popular media. He currently resides in Canada.
Essentially, the finance sector, driven by ‘Too Big to Jail’ banks, has successfully usurped the real credit of Nations through its Monopoly of Credit via the fractional reserve system. Society’s dependence on the expansion of the money supply through the issuance of credit by this system, brought into existence as debt money from out of nothing (with added compound interest as the cherry on top), has effectively sabotaged the real credit that should reside with the people. The real credit is the sum total of all a Nations assets, whether they be the land and all its natural resources, the human resources of the people and all its infrastructure. Opening up a National Credit Office to manage the National Credit would enable the release of a National Dividend to bridge the deficiency of consumer incomes against the cost of production. If the cost of goods and services exceeds that of a consumer’s income then the National Dividend would be a subsidy for the purchase of otherwise unobtainable goods. Effectively covering the costs of production, the coupon would be extinguished just as money is extinguished when it works its way backward to the banks to cancel out debt. This is not an inflationary process. By circumventing the banking sector and drawing on the National Credit the function of banks would remain but their power, maintained through their Monopoly of Credit, would be drastically reduced to a more realistic role.
Social Credit Economics is an extraordinary analysis that can be both technical and philosophical but is always well explained. It is a narrative firmly grounded in the concepts of C H Douglas with plenty of key quotes on almost every page. At times the voice of the author felt seamlessly integrated with that of Douglas’s.
With more and more people being made redundant through increased efficiency of mechanised labour and technology,organisations are less and less capable of absorbing people in work. Impoverishment should not be a mandatory condition of unemployment. Dignity and standards of living can be maintained through a proper implementation of economic functionalism which encompasses the real Social Credit of the people and not the criminality of Creditism, it’s inverted opposite. No more artificially devised boom and busts, recurring recessions, austerity and talk of working into your seventies. The Monopoly of Credit which maintains the bondage system of Creditism must be replaced by the Distribution of Credit supported by Economic Functionalism. No more 20 trillion dollar deficits and bank bailouts of funny money phoney derivatives that leave behind devastating social consequences. No more "poverty in the midst of plenty". Instead, we could have the leisure state. Social Credit Economics provides the remedy to all of this satanic corruption, it is of vital importance.