The preceding chapters demonstrate that in order to correct the economic system and put production at the service of consumers there is no need to change the present method of production which happens to be highly efficient. All that is needed is to provide the consumers with the means enabling them to claim what they want from production, until maximum productive capacity has been reached.
To this end, Social Credit calls for a regulation of the monetary system that will put money in keeping with the facts of production and put that money at the service of consumers.
A certain quantity of money already reaches the consumer through wages and salaries for work done or through profits or through income derived from investments. But nothing guarantees that the consumers will have at all times enough purchasing power to purchase all of the available production. Besides, money must be removed from a tutelage which causes it to be taxed at its origin and which imposes upon it a time limit that is not related to the duration of the productive capacity.
The monetary propositions formulated by Major C. H. Douglas, the Scottish engineer who invented Social Credit, appear to be an effective means of correcting the monetary system without causing harm to anyone, without disrupting the present methods of production, without doing away with the pursuit of profit which stimulates production, without undermining personal freedom and without the State interfering in economic activities.
We can therefore summarize the monetary propositions of Social Credit as follows:
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In this special issue of the journal, MICHAEL, the reader will discover who are the true rulers of the world. We discuss that the current monetary system is a mechanism to control populations. The reader will come to understand that "crises" are created and that when governments attempt to get out of the grip of financial tyranny wars are waged.
An Efficient Financial System, written by Louis Even, is for the reader who has some understanding of the Douglas Social Credit monetary reform principles. Technical aspects and applications are discussed in short chapters dedicated to the three propositions, how equilibrium between prices and purchasing power can be achieved, the financing of private and public production, how a Social Dividend would be financed, and, finally, what would become of taxes under a Douglas Social Credit economy. Study this publication to better grasp the practical application of Douglas' work.
Reflections of African bishops and priests after our weeks of study in Rougemont, Canada, on Economic Democracy, 2008-2018
The Social Dividend is one of three principles that comprise the Social Credit monetary reform which is the topic of this booklet. The Social Dividend is an income granted to each citizen from cradle to grave, with- out condition, regardless of employment status.Rougemont Quebec Monthly Meetings
Every 4th Sunday of every month, a monthly meeting is held in Rougemont.