The tremendous advance of industrial science whereby production has been multiplied by the use of machinery has created an age of abundance. This abundance potential is now so vast that apart from the controlling members of the Money Monopoly few people have any conception of its magnitude. How to maintain comparative poverty amidst all this plenty is a question that has been worrying the Money Monopolists for a long time. They tried sacking the workers wholesale in the early years of 1930, when as a result of the Bank of England's policy of credit restriction, over two millions of men were thrown out of work, and conditions that led to the second world war were created.
"Full employment", "hard work", later became the new slogans; in association with creeping devaluation of earnings, extension of National Debt, heavier taxes and the diversion of more labour to expensive production of armaments. On top of all these carefully planned courses of frustration, a new one is now looming into evidence: that of "helping backward countries".
It is illuminating to note that Mr. Khrushchev is all for disarmament "so that aid can be given to backward countries". Mr. Selwyn Lloyd is in favor of both armaments and "backward aid"; so is President Eisenhower and Mr. Mac- Millan.
None of these or their colleagues whose policy is inspired from the same dark source will take any action or speak one word, of the policy of making abundance available to their own people in the form of National Dividends. This is because they are all united as henchmen of the Money Monopolists'"restriction of abundance" policy. It is because this "restriction" is preferred to "release", that the last two world wars occurred, and why there is no real peace or security either amongst or within the nations of the world.
It is said that there are enough atom bombs in store now to destroy all life in the world ten times over. Certain it is that enormous diversions of productive and labour capacity are steered to destructive ends. Isn't this an abuse of abundant power?
The only alternative is that offered by Social Credit, whereby a continuous flow of the means of life in abundance would be "released" to individual consumers by way of National Dividends and Just Price.
Georges HICKLING in Credit Notes, Dec. 1960