georgephillip
Diamond Member
If there's a single purpose for any economy and your choices were limited to the following three, which would you select?
Social credit - Wikipedia, the free encyclopedia
"1. The first of these is that it is a disguised Government, of which the primary, though admittedly not the only, object is to impose upon the world a system of thought and action.
2. The second alternative has a certain similarity to the first, but is simpler. It assumes that the primary objective of the industrial system is the provision of employment.
3. And the third, which is essentially simpler still, in fact, so simple that it appears entirely unintelligible to the majority, is that the object of the industrial system is merely to provide goods and services.[12]
"Douglas believed that it was the third policy alternative upon which an economic system should be based, but confusion of thought has allowed the industrial system to be governed by the first two objectives."
Douglas is CH Douglas and he authored a popular economic theory called Social Credit during the decades between the two World Wars
"Social credit is an interdisciplinary distributive philosophy developed by C. H. Douglas (18791952), a British engineer, who wrote a book by that name in 1924.
"It encompasses the fields of economics, political science, history, accounting, and physics.
"Its policies are designed, according to Douglas, to disperse economic and political power to individuals.
"Douglas wrote, 'Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic.'"
Social credit - Wikipedia, the free encyclopedia
Social credit - Wikipedia, the free encyclopedia
"1. The first of these is that it is a disguised Government, of which the primary, though admittedly not the only, object is to impose upon the world a system of thought and action.
2. The second alternative has a certain similarity to the first, but is simpler. It assumes that the primary objective of the industrial system is the provision of employment.
3. And the third, which is essentially simpler still, in fact, so simple that it appears entirely unintelligible to the majority, is that the object of the industrial system is merely to provide goods and services.[12]
"Douglas believed that it was the third policy alternative upon which an economic system should be based, but confusion of thought has allowed the industrial system to be governed by the first two objectives."
Douglas is CH Douglas and he authored a popular economic theory called Social Credit during the decades between the two World Wars
"Social credit is an interdisciplinary distributive philosophy developed by C. H. Douglas (18791952), a British engineer, who wrote a book by that name in 1924.
"It encompasses the fields of economics, political science, history, accounting, and physics.
"Its policies are designed, according to Douglas, to disperse economic and political power to individuals.
"Douglas wrote, 'Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic.'"
Social credit - Wikipedia, the free encyclopedia