Social Credit Views

Thursday, 14 May 2015 10:32

The Knowableness of Finance

Written by Will Waite
Rate this item
(0 votes)

It is the purpose of Social Credit proposals regarding finance to make the figures fit the facts.[1] In other words, the subordination of finance to reality.

It would be expected in this age of confusion, where perspective and reality are taken for the same thing, that someone might ask, 'what reality?'

At present we allow the language of finance to shape our perception of reality. Under the spell of this outlook, the money shortage makes scarce that which is abundant, resources of people, unemployment of leisure, and labour saving machinery a slave driver. It turns facts into figures. The financial system makes the instrument we require to carry out our business a liability and a limitation against the very wealth it was created to represent and distribute. It's like a tractor designed to get bogged.

There are a great many things destined to remain unknown to us. Finance is not one of these things. Man created the system in its entirety. It is a machine driven by people in pursuit of objectives. Can we know the truth about how a kettle works? Of course we can. Can we isolate what is wrong with it when it doesn’t work? Again, yes. And when we discover the problem, we fix it so that it boils water, or we throw it away and get a different one.

It is high time we examined, as individuals, the machinery of the financial system. To think about what we want of it and how we can get this machine to do the things we want it to do. We do not want a government from our economic system. We do not want employment for the sake of employment and we do not want all this waste and war.

 

Reproduced with permission from socialcredit.com.au:

http://www.socialcredit.com.au/easy-blog/entry/48-the-knowableness-of-finance

 

------

1. Douglas, C.H. 1922. The Control and Distribution of Production. London: Cecil Palmer

Last modified on Sunday, 11 February 2018 10:35

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Latest Articles

  • The Scales and the Dam
    "One of the very first lessons in a typical introductory economics course - and rarely, if ever questioned by either teacher or pupil - is the existence of resource scarcity coupled with the unlimited desires of humanity. Students are then informed that economics is the 'science' of managing (rather than overcoming) this scarcity - and in time, they learn how to manage it in their favour at the expense of others."
    Written on Sunday, 10 March 2019 17:11 Read more...
  • The Hydroelectric Dam as a Metaphor for Social Credit
    In a recent paper entitled “The Scales and the Dam: Static and Dynamic Conceptions of the Economy”, Arindam Basu has introduced a brilliant metaphor that can be adapted in various ways to explain both how the economy functions under the existing financial system and how it would function under Social Credit: “A typical run-of-river hydroelectric dam, which uses a flow of water to generate a flow of electricity, may serve quite well as a metaphor for an economy that converts a flow of money into a flow of goods and services.”[1] As Arindam notes, this analogy can be developed further in a variety of ways.
    Written on Friday, 08 March 2019 17:31 Read more...
  • Social Credit and Democracy: The Problem - Part Five
    Thus far, we have looked at the whats and the whys of the financial domination of liberal democracy. It is now time that we turn to a more detailed examination of the hows. Let us begin with the general observation that, in a society operating under the Monopoly of Credit, organized political activity, like most other activities, is largely dependent – directly or indirectly – on Finance. Money, both in the form of producer credit and in the form of income, is maintained in a state of artificial scarcity, and Finance will naturally be inclined to ration it to those who do its will and to punish those who resist by denying them access to the life-giving credit. Credit, in turn, is a necessary means for obtaining most of the material and human resources required for political action. In this way, Finance can condition political activity to the point of…
    Written on Monday, 31 December 2018 22:25 Read more...