Index

1: Editorial:

I need help! May I repeat my request to readers (as well as thank those who have done this --): please consider contributing material for publication – comments on the latest articles I've published, book reviews; news; 'letters to the editor'; original articles on appropriate topics; forwarding articles/extracts from other sources, with added comment; etc.

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The more I hear or read about our economic problems and suggested cures, the more I find it curious that nearly all commentators on these accept as valid the aims of 'economic growth' and 'full employment', despite recognising the problems of resource-depletion and pollution, etc.

Rarely do I find any advocacy of the Green Party's long-standing policy of Citizens' (or Basic) Incomes, even by Party members; they seem afraid to challenge the 'need for economic growth and full employment', despite the huge, destructive overproduction of deliberately short-life, unrepairable goods to maintain sales and profits for TNCs, and the urgent need to reduce resource consumption and waste.

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I frequently have to disclaim the accusation that I see monetary reform as a 'cure-all' for the world's ills. Bank-created 'debt-based' money is the prime source of the wealth of the '1%' - or rather, the '0.1%' - which it uses to influence or control governments, public media and economists, to maintain the preent system. While I do regard the system of money creation as the most fundamental issue needing reform, because of its impact on virtually all other problems, another issue I would rate second in importance is land-rental and resource taxation. A video on this issue has just been released on the internet, which deserves viewing, and then encouragement to others to view – or to buy the DVD. (It does make one brief mention of the usurious money-creation system!)

It can be viewed at www.realestate4ransom.com.

The latest moves by the Con-dem government, in its new budget, only go further to exacerbate the problems faced by the '99.9%'; yet still there is scarecly any challenge in the media to the 'need' for cut-backs of welfare, or any demand for redistribution of entitlement to a share of society's products. We urgently need to reduce waste and CO2 emissions, as well as to repair our infrastructure and redesign our products for durability and easy repair, and to end wage-slavery; we need adequate Citizens' Incomes! Recent research confirms the obvious: more equal shares of wealth, even if not far above subsistence levels, lead to far happier, less stressful societies.
The role of usury, in its original sense, interest charged on loans of money, is nowadays rarely raised as an issue, yet for several millennia it was recognised as destructive of society, and for much of the time, forbidden. With usury built into our system of money creation, it not only syphons wealth from producers to moneylenders, but also 'justifies' interest-bearing savings, in the vain hope of keeping up their value in face of the inflation resulting from our debt-based money supply. Change this, and these other manifestations of interest-charging could be phased out. As it is, only the top 10% of earners gain more from interest than they pay out in (mainly hidden) interest charges -- see Margrit Kennedy, Interest and Inflation Free Money, 1995. She estimates that on average, almost half of the costs built into prices is due to interest charges.

– Brian Leslie

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The whining wealthy

....social tranquility at all times and in all countries is always advanced by the cries of anguish of the affluent. They have a much deeper sense of personal injustice than the poor and a far greater capacity for indignation. And when the poor hear the primal screams of the well-to-do, they imagine that the fortunate are really suffering and became more contented with their own lot. Good statesmanship has always required not only the comforting of the afflicted but the afflicting of the comfortable.

- John Kenneth Galbraith in Almost Everyone's Guide to Economics

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