I am finding increasing numbers of articles noting the problems of debt-growth due to the dependence on creation of interest-bearing debt to create a money supply, but seeing government-owned banks, creating interest-free or low-interest loans as a solution. While this may reduce the resulting problems, it is not a long-term solution; this requires the ending of debt-based money, by having it paid-off by government spending new money of its own creation into circulation, with banks forbidden from creating any more. (See Creating New Money, for example.)

Milton Friedman is a firm supporter of monetary reform! See

A website to which I have just been recommended carries a rather long essay, but it details the escalating deterioration of conditions in Canada since the 1970s – mirrored in other countries – and identifies the problem as ‘Capitalism’, i.e. the growth of corporate control of the public media and government, in the interests of corporate power and profit, and especially their control of the public media to conceal their take-over from the government of money-creation, so keeping the public in ignorance of this, and the dire effects of it. His hope lies in the active spreading of the information available on the Internet, by those who have learned from it, to the ill-informed general public, to build enough pressure to reclaim our ‘democracy’ and create a cooperative, ecologically sound future for humanity and nature. He gives many links to follow up.

The site is called ‘Green Island Backgrounders’, and carries the article I refer to: ‘What happened?!?’, by Dave Patterson, January 2010 at

An email from Peter Challen replying to a proposal to produce a revision of the definition of ‘capitalism’ on Wikipedia, is worth copying; so here it is:

“Behind the ‘ism’ lie fundamental aspects of our life on earth, which need to be affirmed as the context within which any re-definition is worked out.

Jonathan Porritt’s 2009 Forum for the Future report, ‘Living within our means’, identifies these five forms of capital upon which lasting well-being, globally inclusive justice and evolutionary creativity depend. The equivalent in the language of Henry George is set beside each:


Human capital = LABOUR

Social capital = COMMUNITY

Manufactured capital = MATERIAL PRODUCTS

Finance capital = MONEY

The lower forms are subsets of the higher forms and all must refer to natural law if we are to learn to live within ‘the limits to growth’ that we know to be an aspect of both human custodianship and of the planet’s carrying capacity.

If this hierarchy is not observed then society and planet suffer.”

Another good, thought-provoking quote: “Civil disobedience is not our problem. Our problem is civil obedience. Our problem is that numbers of people all over the world have obeyed the dictates of the leaders of their government and have gone to war, and millions have been killed because of this obedience. Our problem is that people are obedient all over the world in the face of poverty and starvation and stupidity, and war, and cruelty. Our problem is that people are obedient while the jails are full of petty thieves, and all the while the grand thieves are running and robbing the country. That’s our problem.”: Howard Zinn, from ‘Failure to Quit’.

Again: “For those who stubbornly seek freedom, there can be no more urgent task than to come to understand the mechanisms and practices of indoctrination. These are easy to perceive in the totalitarian societies, much less so in the system of ‘brainwashing under freedom’ to which we are subjected and in which all too often we serve as unwilling instruments.” – Noam Chomsky.

Another site worth recommending to ‘novices’:

The current issue of ‘The Land’ – no.8, Winter 2009/10 – contains an 8-page article on ‘Land Value Taxation – Panacea or Placebo’, by Alanna Hartzok. Well worth a read, and a recommendation to others. For subscription details, see