Jack Saturday

Monday, October 18, 2010

Anti-Wage-Slavery, Pro-Freedom Quotations Of The Week 586-588

Until we understand the nature of institutional violence and how it manipulates values and mores to maintain the power of the few, we will forever be imprisoned in the caves of ignorance.
Abbie Hoffman

Who would have thought that it would be easier to produce by toil and skill all the most necessary or desirable commodities than it is to find consumers for them? Who would have thought that cheap and abundant supplies of all the basic commodities would find the science and civilization of the world unable to utilize them? Have all our triumphs of research and organization bequeathed us only a new punishment: the
Curse of Plenty? Are we really to believe that no better adjustment can be made between supply and demand?
Winston Churchill
Romanes Lecture at Oxford University on June 19, 1930
[P]ay each resident of the U.S.a dividend, at first by means of vouchers for the necessities of life, in the amount of $1,000 per month per capita starting immediately. It would be our fair share of the resources of the earth and the productivity of the modern industrial economy. Under the plan, the money would then be concentrated through deposit in a new network of community savings banks to capitalize lending for consumers, small businesses, and family farming.

Because we are talking about a dividend, there would be no means test. Everyone —rich, poor, and in-between —is entitled. The dividend would total about $3.6 trillion, which, not by coincidence, is the amount of new debt U.S. residents must incur each year from banks simply to exist. That borrowing, of course, is on top of borrowing in past years, because most people do not entirely pay off old loans before taking out new ones. Debt in this country in recent years has been cumulative, with interest constantly compounding. The annual dividend I have proposed would bring a halt to this “Grip of Death,”as it has been termed by British author Michael Rowbotham in his book: The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics.
Richard C. Cook
Bailout for the People:
Dividend Economics and the Basic Income Guarantee

(emphasis JS)


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