Recent events and discussions with both Douglas Social Crediters and others have brought the profit-regulation condition that was sometimes presented by Douglas as being part and parcel of the compensated price mechanism discount into focus. While some, following Douglas’ indications, have defended the profit-regulation mechanism as a necessary and/or important feature of the compensated price discount, others, including some seasoned Social Crediters, have objected to it as unnecessary and/or problematic for a variety of reasons. Rather than attempting to solve the problem or to resolve the dispute (which perhaps can only be properly decided definitively one way or the other by an empirical trial), I will aim to put the issue in context and to outline some of the main considerations both in favour and against the profit-regulation condition.
Written on Saturday, 09 November 2024 08:23
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C’est en effet grâce aux efforts des Pèlerins que j’ai pris conscience pour la première fois du Crédit Social Douglas au début des années 2000 et « The Money Myth Exploded » a été l’un des premiers documents que j’ai lu. Pour leur zèle et leur dévouement, je leur serai éternellement reconnaissant, mais mes études plus approfondies de la doctrine du Crédit Social accomplies dans l'intervalle m'ont maintenant obligé à fournir les mises en garde suivantes. Quels que soient ses mérites, et ils sont nombreux, une lecture trop littérale ou hors contexte de « L’Île des Naufragés » peut conduire le lecteur à des conclusions erronées et sérieusement trompeuses. Il est donc nécessaire de les expliquer de manière assez détaillée afin que de tels écarts puissent être scrupuleusement évités.
Whatever its merits, and there are many, a too literal or out of context reading of “The Money Myth Exploded” can lead the reader to some erroneous and seriously misleading conclusions. It is therefore necessary to explain what these are in some detail so that any such deviations can be scrupulously avoided