PRODUCTION CAPITALISM AND FINANCE CAPITALISM

There were two kinds of Capitalist.  One was the Production Capitalist and the other the Finance Capitalist.  It is essential in our thinking that a broad line of distinction should be drawn between the producing capitalist and the finance capitalist, and the vast difference in the respective roles played by each.

Production CapitalismThe producing capitalist—large and small - produced goods and rendered service, and the amazing increase in production over the last 100 years is eloquent tribute to his achievement.  From the point of view of industrial development in all fields along with scientific knowledge, no one will dispute the proposition that the last century has been the most amazing in history.An age of scarcity gave way to an Age of Abundance. Living standards were raised and hours of toil were reduced in industrialised countries.  Such achievements are a striking monument to the free initiative, enterprise, industry, and driving force of the industrial capitalist, be he small farmer, large industrialist, or medium-sized manufacturer. Even the most bigoted Socialist, with any sense of fairness, must concede that production capitalism, so far as the production of goods and services are concerned, has done a great job, and brought the world into an era in which the Abundant Life is possible for all the people in every industrialised country.  That this abundant life is not being enjoyed by all is due solely to the fact that finance capitalism has not kept pace with production capitalism.

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CONTINUATION OF: Commonwealth Constitution Act: The Historical and Political Origins of the Current Preamble

The Baconian Phrase:  A Just Relationship between the Mind and Things In a discussion paper read to the Science and Religion Forum 9 April, 1976 biologist and academic Geoffrey Dobbs noted that Science shares a dimension with Religion beyond the cerebro-verbal plane of academic philosophy, and that is: “namely that of the external world, in that its thoughts and symbols must be ‘bound back’, in detail, to an external, non-cerebral, non-verbal, reality.”  Dobbs insisted:

It is of the essence of the scientific method that theory must constantly be checked by observation and experiment. It is of the essence of religion that the professed faith must be put to the test of practice, both on the individual scale, and on the more visible, general, social scale. It is of the essence of words and of symbols of all sorts, that their connection with the referent is indirect – entirely through the human mind, and hence easily confused or diverted or even inverted.

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The Just Price: A Ratio, not a Moral Aspiration by Wallace Klinck

One of the major catastrophes of history was the failure of the Mediaeval Church to grasp the idea that the Just Price was a ratio, not a moral aspiration.  As a result of this failure, we have lived in a welter of meaningless phrases such as “fair wages”, “reasonable prices”…

Perhaps the most curious psycho-political phenomenon of this odd period is the glorification, by considerable numbers of people whose memory comprises records of a world glut, both of preparations for the onset of an incomparably greater glut, and the imposition of every conceivable hindrance to its absorption.  - - C.H. Douglas, 1943

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Looks like the Folk in America are Waking Up!

“You Were Born to do MORE than just go to Work, Pay Bills and Die!” read the headlines of this article mentioning Social Credit and C.H. Douglas: After Defeat of Swiss Basic Income Proposal, Let’s Name the Real Problems, Find the Real Solution  by The Truth Hound/ Mark Anderson, http://www.thetruthhound.com The June 5 Swiss ballot proposal to introduce a guaranteed basic income—an unconditional allowance for everyone in that neutral Alpine nation—was defeated largely on the basis of the Swiss government’s claim that the idea would “cost too much.” Reuters added: “Swiss voters rejected by a wide margin . . .  a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation. (Emphasis added).”

Yet, the plutocratic Financial Times acknowledged, “The Swiss may have just voted to reject a proposal for a guaranteed minimum income  . . . but that hardly means the idea is dead. Pilot projects and feasibility studies are in the works across the developed world, from the Netherlands [and Finland] to California. In Canada, the federal Liberals, along with governments in Ontario, Quebec and Alberta have expressed interest in the concept.”

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A Nation's Weakness is its Economic Policy by Wallace Klinck

The following message was posted to Paul Craig Roberts  PaulCraigRoberts.org in response to an article by Paul Craig Roberts and Michael Hudson: "Russia's Weakness is its Economic Policy."http://www.paulcraigroberts.org/2016/08/10/russias-weakness-is-its-economic-policy-paul-craig-roberts-and-michael-hudson/

The essential problem with the modern economy, per se, is that nations generate industrial costs and prices at a greater rate of flow than they distribute effective consumer incomes capable of liquidating the costs of production.  This is consequent to a fundamental flaw in the operations of the Banking (i.e,., credit) system as it interacts with industrial cost-accountancy.  Simply put, the price system is intrinsically non- self-liquidating.  This problem magnifies as we become more capital intensive through modern technology and increasingly displace the need for human input into productive processes--a wonderful and marvelous development in itself.  The problem is that it creates an increasing gulf between costs and incomes--a gap which we can only "bridge" by increasing bank debt and attempting to export more than we import, an obvious impossibility for all nations of the world   Of course the dysfunctional nature of the price-system leads to the alternating economy and periodic bankruptcies and foreclosures which liquidate debts, but at the expense of loss of borrowers' assets to the banking industry..

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Commonwealth Constitution Act: The Historical and Political Origins of the Current Preamble

It is written, one of the few human freedoms “guaranteed in the Australian Constitution - the free exercise of religion (s.116) - owes its existence in part to the insertion of the phrase 'humbly relying on the blessing of Almighty God' in the Preamble…”Source: setis.library.usyd.edu.au/ozlit/pdf/fed0014.pdf

Which was “added at the Federation Convention in Melbourne in 1898, s.116 largely at the behest of the Victorian, Henry Bournes Higgins, while the inclusion of God's blessing in the Preamble was due to the efforts of the South Australian, Patrick McMahon Glynn… Glynn's public justification for reference to the Almighty in the Preamble referred to the 'great central fact of faith' and the 'spirit of reverence for the unseen' which pervaded civil life in Australia.”(4)…

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POLITICAL CORRECTNESS: THE DEMISE OF DEBATE

Source: On Line Opinion,  19 August 2016Louis O'Neill, who is studying writing at Macquarie University defended his right to freedom of speech:

“Frequently I find myself holding what one might consider a politically incorrect opinion, such as having scorn for Islam, disagreeing with myths peddled by the third wave feminist movement or finding no legitimacy in the claims of the black lives matter movement. As a result my adversaries are more than ready to deviate from the laws of discourse, veering off into ad hominem, red herring or appeal to emotion fallacies. The legitimacy of my political viewpoint is often times devalued, as I occupy the “privileged” end of the spectrum, being a heterosexual white male, and so I'm told that I mustn't speak on issues which aren't specifically related to my own demographic. Sometimes the sanctimony of my ideological combatants is so abundant that they feel they need not even engage further in conversation once I've pushed their buttons enough. Well to them I say, if your idea cannot withstand the corrosive qualities of informed conversation, then your idea is not one worth having. We must herald logic as the great sieve through which we may push idiocy and illogicality, and allow the juices of truth to percolate from it…” Read further here … http://www.onlineopinion.com.au/view.asp?article=18460

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So, Who Did Get Here First? by Brian Simpson

The headlines back in June 2016, loudly proclaimed:

“New DNA Technology Confirms Aboriginal People as First Australians.” (ABC News, June 7, 2016)

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THE RULES OF THE UNIVERSE TRANSCEND HUMAN THINKING by Betty Luks

My ego received some rather large dents when a loyal reader and supporter from Victoria phoned the editor complaining that article was ‘boring’.  After knocking a few of the dents out and recovering some semblance of equilibrium I thought a good deal about the matter and thought that I failed to get my message across as was intended.  So here goes… again.

The response is based upon an article which appeared in the OT Christmass issue of December 2004.
http://alor.org/Volume40/Vol40No49.htm

In “Releasing Reality” Eric Butler writes: “One of the most illuminating statements made by C.H. Douglas, one which reveals his proper humility in the search for Truth, was that the rules of the Universe transcend human thinking, and that if the individual wished to live in a world of harmony, he should make every endeavour to discover those rules and obey them.”

It comes as a bit of a shock when one realises that at the last judgement Christ will judge us, not by our great exploits, not by our great ‘faith’ or ‘belief,’ not even for the number of convert ‘scalps’ we have ‘chalked up’, -- but by how we have treated our fellow man: “I was hungry and you fed me; thirsty and you gave me drink; a stranger and you took me in; in prison and you visited me… Inasmuch as you did it unto one of the least of my brethren you did it unto Me.” Matthew 25.37.

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WHAT IS MORAL? THAT WHICH WORKS BEST!

There is an interesting discussion taking place amongst Social Crediters and while it centres on Oliver Heydorn’s recently published a book “Social Credit Philosophy”, it raises interesting questions for the serious student. 

Readers might like to consider the following for themselves:

J.S. writes:  The purpose of the book is to put Douglas’ philosophy in one treatise on the subject.  In this regard, Oliver Heydorn does an admirable job. 
Anyone who has read Douglas’ works knows that he only touches on the subject of philosophy, and all of his writings on the subject are scattered throughout his works. Oliver does a tremendous job pulling all of this together into a coherent whole.  As such, any serious student of Social Credit needs to read this book.

Douglas referred to Social Credit as “the policy of a philosophy”.  As such, you would think that the philosophy of Social Credit would be front and centre in any of Douglas’ books or articles.  On the contrary, Douglas seems to ever only mention it in passing and scattered about in segments of his works.  I believe that this is because, as Oliver points out, that Douglas was really dis(un)covering his philosophical beliefs as he proceeded.

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What is Canada?


On Aug 13, 2016, at 1:16 PM, Al Romanchuk <This email address is being protected from spambots. You need JavaScript enabled to view it.> wrote:

My goodness to Murgatroid!  I didn’t know that I was promoting fascism and communism, as though there is any difference.  Lordy, lordy I also didn’t know that NO work by humans produces anything.  I didn’t know that HUMAN BEINGS were NOT behind the inventions of all the technology, devices and gadgets people play with today and have been for decades.  Gosh, if I ever knew that someone OTHER than humans were behind all of this I would extoll the virtue of comfort, relaxation, non-production, idleness and simply rely on all those wonderful, productive taxpayers to supply me with all the amenities WITHOUT IT COSTING ME A CENT!
 
    But, Wallace, YOU FAILED MISERABLY IN NOT ANSWERING MY QUESTION and you perambulated on and on and lectured us about economics, cost-accountancy, state-mandated projects and a plethora of other matters of which you are much more intelligent than me.  I tend to be, and have been for the better part of my life, rather simplistic in these matters.  I look at the bottom line; do my expenses exceed my income, do I have to get a loan from the bank to make up for the deficiency and thus become even more indebted?  How can I possibly take home any kind of wage or salary when I have no income?  I’m in a conundrum!
 
    I have no quarrel with your dissertation and you may be right for all I know.  But it is all pigeon-English to me and although I have PLEADED with you for years to address these matters using UNDERSTANDABLE ENGLISH, you continue to provide your analyses in language which is almost alien.  Oh, on the question of my atheism let me put it to you this way: I have been an atheist all my life except for being married twice in the United Church and because of the Christianity surrounding them, my marriages failed miserably.  I don’t need an awakening nor have I asked for one from anyone.  My friends and colleagues take me for what I am; nothing more and nothing less.  But enough of this religious hogwash!
 
    So, if I might tap your brain, would you kindly answer my question.  If you don’t I can only presume that the question has very little relevance to you and should be dismissed out of hand!  BEWARE THE LEAVEN OF THE PHARISEES.
 
Al

 

Wally Responded:

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FROM OUR CANADIAN FRIENDS - AGAIN

On Aug 12, 2016, at 9:57 PM, Al... wrote:
 


Good evening my friends, mes amis, mi priateli, mein freunds, and generally all of you good, unhyphenated Canadians,
 
    First, in CFL action although the Eskies beat the Alouettes yesterday 23-12 it was a sleeper, a lack-lustre game with absolutely no excitement.  They played as though they were on a binge the night before.  But today’s game where Winnipeg beat Toronto 34-17 the game was exciting but when the cameras focused on the fans more than half had emptied.  That’s how much they think of their Argonauts.  I’m glad that Winnipeg thumped Toronto.  There are two good games tomorrow.
 
    

And while I was watching the game today a number of questions about our country crossed my mind.  I settled on two questions which I pose to you:  
 


WHAT IS CANADA?  Is it “our home and native land” or is it “a land of hope for all who toil?”  My answer is pretty simple: I think Canada SHOULD be a “land of hope for all who toil” and that it should be a country where our elected representatives ACTUALLY represent our Canadian interests and maintain our former traditions and culture and laws.  
 
It should be a land where our politicians hold regular old-fashioned town hall meetings with no holds barred and no bloody time limits.  
 
It should be a land where our elected officials are always ACCOUNTABLE TO US AND ALWAYS BE TRANSPARENT.  


 
It should be a land where the people should be consulted by referendum on important questions affecting the defense, security and taxation of our people.  
 
It should be a land where our politicians extoll those who produce for the greater good and that welfare be minimized.  
 
It should be a land where education should be the mainstay of our society and that students remain in school for a purpose.  
 
It should be a nation where our politicians bring back total, unfettered, uncluttered FREEDOM OF SPEECH AND OF THE PRESS.  
 


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The Haircut: a Tale ‘doing the rounds’ in Canada


 
        Blessed are those that can give without remembering, and take without forgetting.
       
One day a florist went to a barber for a haircut. After the cut, he
        asked about his bill, and the barber replied, 'I cannot accept money
        from you, I'm doing community service this week.'
        The florist was pleased and left the shop.
        When the barber went to open his shop the next morning, there was a
        'thank you' card and a dozen roses waiting for him at his door.
        Later, a cop comes in for a haircut, and when he tries to pay his bill,
         the barber again replied, 'I cannot accept money from you, I'm doing
        community service this week.' The cop was happy and left the shop.
        The next morning when the barber went to open up, there was a 'thank
        you ' card and a dozen donuts waiting for him at his door.
        Then a Member of Parliament came in for a haircut, and when he went to
        pay his bill , the barber again replied, 'I cannot accept money from
        you. I'm doing community service this week.  'The Member of Parliament
        was very happy and left the shop.
        The next morning, when the barber went to open up, there were a dozen
        Members of Parliament lined up waiting for a free haircut.
 
       And that, my friends, illustrates the fundamental difference between
        the citizens of our country and the politicians who run it… Smile… Al.
 
To which Wallace Klinck replied:

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Keeping the Australian Public Out: Race Inquiry by Ian Wilson LL.B.

The Human Rights Commission is seeking to have the public prevented from commenting on an inquiry into their handling of the University student race-hate case. (The Australian, August 8, 2016, p.5) The commission submitted that it would not be appropriate to consider submissions from the public. That, I think, is the best argument which one can giv...
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Identity Politics and Australia by Chris Knight

Although I seldom agree with The Australian's "editor-at-large", Paul Kelly, his article "Race, Gender: The Risk of Identity Politics" (The W.E. Australian, August 6-7, 2016, p.15), raises issues that conservatives have become too afraid to address. In fact Kelly does talk about the question of "weakness": "This movement proves the ideological creativity of the Left, the manipulative power of human rights law and the perversion of the idea of justice - seen in this country in Section 18 C of the Racial Discrimination Act where individuals can (initiate) legal action because they are "offended" by others".

"The politics of identity speaks to deep human need. Yet its application veers towards narcissism, censoring of public debate, vicious campaigns of intimidation and a diminished public square. It is extraordinary to see how many institutions and prominent figures buckle before the campaigns of identity politics, too weak to stand on principle".

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