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
A Message to Dr. Ben Carson about his reference to Indiana Governor Mike Pence's "Compassionate Conservatism”: Wallace Klinck, Canada
Dear Dr. Carson,
“Compassionate Conservatism” sounds like some sort of vague platitude with possibly a connotation of “charity”. Charity may be of good intention in individual cases but most frequently does not adequately address a given circumstance or situation and is extended on a haphazard basis that misses general needs as they arise. It is, in and of itself, a denial that all organisms have an inherent right in natural law to draw sustenance from their environment merely because they exist by the Grace of God or the fecundity or abundance of nature. “Charity” provided by the State is simply intrusive bureaucratic administration of “welfare” funded by appropriating the resources of citizens by taxation. Such measures are not in themselves either adequate or appropriate.
On a macroeconomic level the first essential is to ensure that every individual person has an inheritance in the nation, in the form of increasing economic security and independence. This has a realistic basis in that such an inheritance is comprised of the endless “increments of association” which have from time immemorial accumulated and accrued to constitute a vast and splendid “cultural heritage” of knowledge and technique which has enabled the enormous growing technological efficiencies which have made possible our stupendous productive capacity, accomplished increasingly without human energy input as a factor of production. Such a “cultural heritage” cannot be designated as belonging to any specific persons or classes of society and its benefits should be equally accessible to all individual citizens—both rich and poor.
The first priority of wise and beneficial statesmanship is to ensure that all citizens participate in the general prosperity by instituting appropriate distributive measures which benefit not only all consumers but also all producers, whose survival depends upon consumers. To this end it is necessary that
(1) National Consumer Dividends be paid unconditionally as an inalienable inheritance to all citizens and
(2) Compensated Retail Prices at point of sale be instituted to ensure falling prices as the real (not financial) costs of production are continually reduced by growing technological efficiency.
A rapidly shrinking work force no longer required for production, because of advances in automation and artificial intelligence, would continue to benefit from its reducing flow of earned income and would with all others enjoy increasingly the benefits of both National Dividends and Compensated Prices. These measures would not be financed by taxation but would be a mere draft on a National Credit Account representing the realistic capacity of a nation to provide goods and services as, when and where required or desired, i.e, the nation’s "real (as opposed to financial) credit”. “Money” is simply accountancy and what is required is a sound accountancy which represents reality.
The great blessings of modern technology are widely expected, thankfully, to eliminate approximately fifty per cent. of American “jobs” alone within a short period of about twenty years. This represents enormous productive capacity evermore unrelated to direct human energy input—made possible by previously unimagined increases in productive efficiency. We must therefore move into an increasingly distributive and less acquisitive economic mode. This must be accomplished through realistic financial measures. The prospect of requisitioning by taxation the incomes of, e.g., ten per cent of the working population to support the remaining non-working ninety per cent is simply neither economically viable nor conceptually credible. The required financial reforms would obviously eliminate the necessity for consumer debt, in recognition that the real or physical cost of production is met as production occurs.
We should be moving away from such divisive and impossible dialectical categorizations as “Left” and “Right”, which tend to serve the interests and machinations of third parties which thrive on human strife (primarily internationalist banking institutions) and proceed toward doing things that function and are not perpetually dysfunctional because of quite unnecessary conflict and unproductive controversy.
What is needed is a Third Resolvent Factor to solve the perennial paralyzing problem of the Impossible Left-Right Duality.