Rev Canon Peter Challen, Chairman of Christian Council for Monetary Justice writes "Comments welcomed on the basic statement below – please:


To indicate how from the principle of ending exploitation certain basic aspects of restructuring in the financial system are required: especially its financial form of 'usury' on money bearing compound interest issued by commercial banks, and the passing of location value to rentiers rather than to the community that created it, 

 As all people of good faith reassess their contribution to public truth  these suggestions should be seriously studied by intra-disciplinary bodies:

 PRINCIPLE: Good faith in any tradition must be universal - that is, serving justly people and the planet.

 PRAXIS: To develop that principle, some major systemic changes are needed, urgently:

- Renew the priority of investing in human capital before all else. 

- Return to publicly created money - end issuance of new money bearing interest by commercial banks. 

- Educate people to understand that Social, Solar and Material Commons are more fundamental than traded commodities. 

- Return location value created by the community to the community - ending much accumulation of unearned income. 

- Introduce a new form of material wealth's inclusive distribution - so that consumers and producers are the same people. 

- Respond to the mantra that 'the first call on a nation's wealth should be a basic income for all citizens.' 

- Rescind laws creating 'corporate personhood' and the primacy of returns to directors and shareholders.

Behind these brief indicators serious studies and proposals are available for intra-disciplinary appraisal.

We seek a practical workable post-capitalist ecological economy, an economy by the people, for the people that is geared to production for need, not for profit, other than the dichotomy of all state versus all private. This is to make a principled distinction between what is naturally private property and what is the common wealth of all. Two complementary aspects of this are emphasised.

1. Recognising that the money system is naturally a social institution whose benefits should naturally be enjoyed by all.

2.  A recognition of the distinct economic role of land.

For any individual access to land or natural resources that society bestows there is a corresponding duty to make a return commensurate with the privilege. These two policies combine a community-based issuance of money and government revenue based on land and resource rents."

Any comments can be sent to Peter Challen at [email protected], - but also please send them to me, Brian Leslie, to publish in the next 'SustEc'.