RE: MONETARY: ECONOMIC TERRORISM OF DEBT SLAVERY AND THE SAVAGE CRUELTY OF POVERTY

["Edward Dodson" <ejdodson@comcast.net>]

Ed Dodson responding...
Eric Encina wrote:


In this 21st century that monetary reform would seem to be the only solution
for the survival of our Filipino people, and indeed for humanity as a whole.
Our political leaders, legislators and economic/monetary managers should
have their eyes opened to the fact that fiscal disciplines and the
management of government expenditures - this and the collection of taxes are
not enough but at times in themselves iniquitous, become impossible
oftentimes, and socially destructive, within the confines of a debt-based
money system.

Ed Dodson here:
The sad unfolding of life for the Filipino people is filled with irony. The
role of the United States and of General MacArthur, in particular, is at the
center of the tragedy. MacArthur returned to remove the Japanese from the
Philippines. Then, a military governor of defeated Japan, MacArthur was
instrumental in forced on the Japanese a republican form of government --
and, an end to feudal land monopoly. Yet, in the Philippines, control over
the land was returned to the pre-war feudal landlords. The future of the
Filipino people was, therefore, committed to a struggle between entrenched
privilege and generational poverty.

Another great irony of the region is what occurred in the transformation of
Formosa to the nation-state of Taiwan. The arrival of the Chinese
Nationalists did not bring democracy or liberty to the Formosans; however,
the Nationalists eventually recognized the need to become agriculturally
productive. So, the Kuomintang resurrected the land reform ideas of Sun
Yat-sen, at least to a degree. The Taiwanese landlords were required to sell
portions of their land to government in exchange for government bonds. Also,
caps were put on rents that could be charged to tenant farmers. This allowed
farmers to accumulate financial capital to invest in their farms, to
increase output and help to make Taiwan self-sufficient in food production.
Once this was achieved, Taiwan was able to invest in public goods and build
its educational and manufacturing infrastructure. There are clear lessons to
be learned for those who seek a better life for the Filipino people.




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