Economic Democracy

Front Cover
Harcourt, Brace and Howe, 1920 - Credit - 144 pages
 

What people are saying - Write a review

User Review - Flag as inappropriate

C.H. DOUGLAS OFFERS A THEORY THAT MAINTAINS THAT PRODUCTION AND CONSUMPTION CAN BE PROMOTED WITHOUT PRIVATE FOR PROFIT BANKS .
A NATIONAL BANK CAN PROMOTE THE ECONOMIC GROWTH OF A SOCIETY
.
FINANCE IS THE OTHER PART OF THE TRIPTYCH OF PRODCUTION AND CONSUMPTION .
THE SOCIAL CREDIT THEORY STATES THAT MONEY MADE ON LOANS FOR PRODUCTION AND CONSUMPTION SHOULD ONLY COVER THE ADMINISTRATIVE COST TO PROCESS THE LOANS.
 

Other editions - View all

Common terms and phrases

Popular passages

Page 126 - terms of the cost of the article. In other words, the Just Price of an article, which is the price at which it can be effectively distributed in the community producing, bears the same ratio to the cost of production that the total consumption and depreciation of the community bears to the total
Page 30 - defined as any medium which has reached such a degree of acceptability that no matter what it is made of, and no matter why people want it, no one will refuse it in exchange for his product.
Page 31 - figures which the accountant calls capital, but which are in fact merely a function of prices. The effect of this is, of ' course, to decrease progressively the purchasing power of money, or, in other words, to concentrate the lien on the services of others, which money gives, in the hands of those whose rate of increase is most rapid. Intrinsic
Page 113 - the sum of the wages, salaries and dividends distributed in respect of the world's production, even if evenly distributed, would not buy it, since the price includes non-existent values.
Page 113 - is no doubt whatever that the first step towards dealing with the problem is the recognition of the fact that what is commonly called credit by the banker is administered by him primarily for the purpose of private profit, whereas it is most definitely communal property. In its essence it is the estimated value of the only real capitalit is the estimate of the potential capacity
Page 8 - 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.
Page 108 - Under these conditions the community can be regarded as a single undertaking (decentralized as to administration to any extent necessary) and every individual comprised within it is in the position of an equal Bondholder entitled to an equal share of product. The
Page 81 - Now, if there is any sanity left in the world at all, it should be obvious that the real demand is the proper objective of production, and that it must be met from the bottom upwards, that is to say, there must be first a production of necessaries sufficient to meet universal requirements ; and, secondly, an economic system must be devised to
Page 136 - It must be evident, therefore, that an economic system involving forced extrusion of product from the community producing, as an integral component of the machinery for the distribution of purchasing power, is entirely incompatible with any effective League of Nations, because the logical and inevitable end of economic competition is war.
Page 27 - Nationalization without decentralized control of policy will quite effectively instal the trust magnate of the next generation in the chair of the bureaucrat, with the added advantage to him, that he will have no shareholders

Bibliographic information