Wednesday, 4 June 2014

Social Credit Principles and Objectives

The following is a short list of principles and objectives that I believe best encompass Social Credit:

Social Credit Principles

1) The individual is the most important entity in any society.
2) Systems should be made for men, not men for systems.
3) The universe is Trinitarian in structure, and systems which most accurately reflect this structure are in accordance with natural law.
4) Individual and cooperative enterprise should be the basis of economic organisation. Where state-owned enterprises are necessary or desirable they should conform to the same conditions and rules as privately owned concerns.

5) Freedom is the ability to choose or refuse one thing at a time.

6) People sacrifice their individual freedom in order to associate for
economic efficiency.

7) The less sacrifice each individual has to make in terms of economic
association, the better off they are.

8) Capital and Technology are reducing the need for economic
association by individuals.

9) The purpose of production is consumption.

10) The real cost of production is consumption over an equivalent period of time.

11) Capitalized costs represent past consumption.
12) Past costs should not exist in the present, as a consequence a form of purchasing power must be distributed to all consumers in order to defray capitalized costs.

Social Credit Objectives:

1) The development of a National Credit Authority to create a national balance sheet and calculate aggregate consumption and production statistics.

2) The distribution of a dividend to every individual of the age of consent, the amount to be determined by the national balance sheet.,

3)  The distribution of a price rebate at the point of retail based upon aggregate consumption and production statistics, the ratio of the rebate to be determined by the ratio of consumption/production.

4) The elimination of all taxes on property.


Anonymous said...

Anon says,

Greetings, Socred,

A few questions if I may:

From a social credit perspective, in an advanced industrialised economy the primary emphasis would be on production for domestic consumption as opposed to production for export? Correct?

In social credit literature, there is much about the production of goods i.e. manufacturing, farming etc.
However, in this present age the servicing sector dominates the economy. Question: Where do services, such as old age care, fit into the social credit analysis?

Did you read the recent BOE bulletin articles on the creation of money? If so, what did you think of the information in said articles?

Many thanks, Socred. All the best.

Socred said...

Hi Anon:

Thanks again for the excellent questions.

In a Social Credit society, goods or services exported would only be exported if there were a need for imports. In other words, exports would be used as a means to obtain imports instead of obtaining work. The idea would be to balance the current account, and there would be no incentive to establish a "favorable balance of trade" with any nation.

Services are no different than goods in the Social Credit analysis. The production of either involves both A and B costs, and as a consequence, creates a situation where prices increase faster than incomes. It could be argued that many new services have been created merely to distribute income, and are what Social Crediters would state is part of "economic sabotage".

The BOE article on the creation of money is excellent. It doesn't illuminate anything that Social Crediters don't already know, or have known for almost a century, but at least they lend credence to those aspects of Douglas's arguments.

Take care.

Anonymous said...

Anon says,

Greetings Socred,

Thank you for your reply. Just another few questions, please.

Where does insurance money fit into the social credit analysis? For example, after a major natural disaster,there is a vast amount of "new" money pumped into the local economy to help pay for a rebuild, thus resulting in sky-high economic growth.

In social credit literature one of the primary objectives is to increase leisure time by reducing working hours i.e. the industrialised world could operate on a 25 hour working week, yet still deliver a high standard of living to the individual. Correct?

(One could re-word it thus: A choice between a genuine christian leisure society or the continuation of a materialistic wage slave system. Fair comment?)

Many thanks. Cheers.