can anyone show me that there is an accumulation of
un-purchased goods in the world? Also, are there
any statistics to show that the proportion of �unemployed� is any greater now than, say, the period immediately before the Industrial Revolution? (Jessop).
any statistics to show that the proportion of �unemployed� is any greater now than, say, the period immediately before the Industrial Revolution? (Jessop).
Just a couple of
examples:
In the EEC there used to be
big agricultural surpluses. This produce was bought up by the governments and
stored in vast refrigeration halls etc.. to keep prices at the check-out
high. Now attempts are made to pay/subsidize farmers to leave fields lying
fallow, or money is paid to them for not using artificial
fertilizers.
A trade union friend told me
already a decade ago that there was twice the capacity to produce cars than what
could be sold. Down the road from where I lived was a railway yard storing
thousands of imported small Italian Fiat cars for years until they rusted.
Sometimes strikes in the car industry are the only time when such
overproduction halts for a while.
As to unemployment
before industrialization - before manual labour was replaced with machines, and
before machines were powered with the solar energy stored in coal, oil and gas -
I assume most people had more than enough work
to produce sufficient to meet even basic needs? Though I
understand that substantial surpluses were being made possible when
the power/labour of horses was being exploited a couple of thousand
years (or more?) ago. Apparently from that time onwards it was possible to
provision standing armies - shame they didn't stay standing though but used the
added power of horses again to fight imperial battles.
Regards,
Ekky
Irion
From: <[EMAIL PROTECTED]>
Douglas� theorem suggests that without his proposed
remedy, there would be a
steady build-up of goods --- �Price� and a corresponding displacement of
labour. Since his remedy has never been applied (other than partially, and
for a short while only, in one state in Canada), can anyone show me that
there is an accumulation of un-purchased goods in the world? Also, are there
any statistics to show that the proportion of �unemployed� is any greater now
than, say, the period immediately before the Industrial Revolution?
I suppose I should also ask if there is in fact a large, and steadily
increasing, value of unliquidated loans in the banking system?
Jessop.
-----------------------------------------
On Tuesday 24 Jun 2003 6:09 am, (Bill Ryan wrote, Ekky only copied :)
> Douglas having discovered the covert mechanism that ..." in the context of
> the A+B theorem, which assumes that income is normally insufficient to
> amortize debt, not because of interest, but because of labor displacement".
> . "The A+B theorem demonstrates that they would have it if it [money] were
> not for labor displacement. Furthermore, the theorem demonstrates that
> loans cannot self-liquidate in the presence of labor displacement even at a
> zero rate of interest."
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steady build-up of goods --- �Price� and a corresponding displacement of
labour. Since his remedy has never been applied (other than partially, and
for a short while only, in one state in Canada), can anyone show me that
there is an accumulation of un-purchased goods in the world? Also, are there
any statistics to show that the proportion of �unemployed� is any greater now
than, say, the period immediately before the Industrial Revolution?
I suppose I should also ask if there is in fact a large, and steadily
increasing, value of unliquidated loans in the banking system?
Jessop.
-----------------------------------------
On Tuesday 24 Jun 2003 6:09 am, (Bill Ryan wrote, Ekky only copied :)
> Douglas having discovered the covert mechanism that ..." in the context of
> the A+B theorem, which assumes that income is normally insufficient to
> amortize debt, not because of interest, but because of labor displacement".
> . "The A+B theorem demonstrates that they would have it if it [money] were
> not for labor displacement. Furthermore, the theorem demonstrates that
> loans cannot self-liquidate in the presence of labor displacement even at a
> zero rate of interest."
==^================================================================
This email was sent to: [EMAIL PROTECTED]
EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bdRjlH.ZWtraXJp
Or send an email to: [EMAIL PROTECTED]
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