The message
from "Wallace M. Klinck" <[EMAIL PROTECTED]> contains these words:
> MAJOR DOUGLAS ON THE LAND QUESTION
> The following comments are taken from C. H. Douglas’s The Land for the
> (Chosen) People Racket written serially in The Social Crediter between
> December 1942 and March 1943
This is an astonishing document (astonishing because I am a great
admirer of Douglas's economic and monetary analysis).
How can Douglas, being so competent on one of the two fundamental
natural monopolies, be so wrong about the second?
It sounds like a bicycle mechanic, expert on back wheels, describing a
square wheel for the front.
According to the summary presented, Douglas seems to have no conception
of the unique nature of land and other natue-provided resources on which
all economic activity depends.
Having dismissed the principle that users of natural resources should
pay a fee (tax is an inappropriate term here) to the community in return
for the advantage they extract, the rest of the comments are largely
irrelevant or over complicated.
I am really puzzled. Am I missing something in this account?
Janos
There's always a danger in quoting a passage from Douglas in that it may be taken out of context. And I fear this is the case here. I believe Wally was trying to show how the Social Credit ideas on land ownership, use, and taxation differ from those of the followers of Henry George. In a Social Credit society, or even one tending towards that direction, Douglas's ideas on land make very good sense indeed. They eliminate speculation, and ensure that land will be put to proper use by those who will use it for its best purposes. The question we should ask is just who is it that really pays the 'fee' (tax) you mention in your last paragraph?
Joe
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