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Dear Monetary Reform members,
Dan Parker says that Thoren advocated private
production investment through the private banks (which have borrowed the money
from the government at low rates).
This has some similarities to binary economics
EXCEPT that the biggest thing of all is missing -- widespread private
ownership. This sort of omission always amazes me becasue it assumes
that jobs are sufficient, reliable and everybody can work (which is all
untrue). When will people understand that, since jobs are never enough and
taxation redistribution will always be strongly resisted, the only way forward
is by wide capial ownership? I have to say bluntly to Dan that reading
alleged outlines of binary economics is not satisfactory -- indeed, they are
often put out by opponents. He should get a copy of Binary Economics --
the new paradigm from Amazon.com for $25.50.
Dan also says that Thoren also advocated direct
government spending on public production investment. Again, this is
interesting and may (but I cannot be sure) be similar to Step Two in Seven Steps
to Justice by Shakespeare and Challen. The book includes binary economics
as Step Three, interest-free loans for small business as Step Four; debt-free
money (in a counter-inflationary situation) for public basic income as Step Five
(similar to Social Credit dividend); special attention to the position of the
world's women as Step Six and Norm Kurland's Abraham Federation plan for the
Middle East and Kashmir as Step Seven.
The Seven Steps contains a complete solution
containing the Social Credit proposal as a part of the whole.
Dan is also misunderstanding completely
binary economics and the Seven Steps in that he does not realise that, in
practical terms, they ensurte that all individuals (whether in the 'work'
eocnomy or not) have individual ownership. I an only conclude that, in
reading, say, a summary of binary economics, he has read something put out by
those who are determined to retain the present narrow distribution of
ownership.
I should also add that A lot of COG discussion is
about employee ownership BUT binary economics and the Seven Steps contain the
proposals and mechanisms for enabling EVERYBVODY to have two basic ioncomes, one
of which comes from individual cpaital ownership whter or not the person is in
the 'work' economy.
Rodney Shakespeare.
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