[R-G] [BillTottenWeblog] The Single Most Important Reform

[Bill Totten]

by Michael Rowbotham

Prosperity (January 2002)


The interminable squabble between left and right on taxation and spending
priorities does not represent the full range of choices. The real
political option is embraced by the creation and supply of money by
government.

This completely opens up the economic options of extra funding, increases
the political choice of expenditure and offers the prospect of true
welfare.

How dare a government claim it cannot find the money to pay for this or
that essential service when they do not bother to create any money?

In the context of the responsibility of government to create money, the
annual budgets in which politicians divide up 'the national cake' are
nothing but a preposterous patronising pantomine; a cheap propaganda
exercise in debt-money economics, as a result of which workers and
businesses and various sectors of the economy are turned against each
other, and jealousy and social division are fostered.

The current position is that, whilst farmers, factory workers,
businessmen, inventors, house builders, teachers and hosts of others work
together to make available the wealth of a country, they are not able to
exchange the goods and services that they make without borrowing money
into existence. They cannot eat, sleep, take shelter or obtain clothing
for themselves and their families without borrowing-to-buy.

Despite the fact that the goods are available, and industries are
desperate to sell them, the people of our nation are only granted access
to the products of their economy if sufficient and increasing numbers of
them first go into debt. That this is an outrageous situation is beyond
any dispute.

To allow this arrangement to continue, indeed to worsen it by embroiling
people ever deeper into debt via mortgages, insurance, pensions, forcing
single parents back to work, manipulating the education system to support
employment, whilst all around us the economy is propelling people into a
future they have not chosen and at a pace they cannot handle, is to usher
in an era of such instability and tyranny, erected upon falsehood and
confusion, that the very future of all civilisation and of life itself
must be in serious doubt.

It is no exaggeration to claim that the reform of this debt-based monetary
supply system is the single most important area of reform confronting us.

Reforming the financial system is more important than the war against
poverty and starvation, more important than the movement to protect the
environment, the struggle against pollution, the peace movement, the fight
against drugs and racism, and the battle for social justice and welfare.

Financial reform is more important than all these other problems for the
simple reason that the current financial system is responsible, both
directly and indirectly for causing, or at least exacerbating them.

As a result, however fast people try to tackle these various issues
separately, the dominating economic background of an exploitative system
of wage-dependency ensures that the situation deteriorates faster than the
reforms can cope.

_____

>From Michael Rowbotham, The Grip of Death (1998), pages 324-325.

Please print out, photocopy and distribute these articles. Also copy and
paste them to emails, and circulate widely, and please include all the
essential contact information below. Thank you.

Essential Further Reading:

Prosperity: Freedom from Debt Slavery - is a four-page quarterly journal
which campaigns for publicly-created debt-free money. Prosperity is edited
and published by Alistair McConnachie and a four-issue subscription is
available for GBP 10 payable to Prosperity at 268 Bath Street, Glasgow,
Scotland, UK, G2 4JR. Tel: 0141 332 2214; Fax: 0141 353 6900, Email:
contactus at ProsperityUK.com http://www.ProsperityUK.com All back-issues are
still available. The forty-page Report, Clarifying our Money Reform
Proposals, launched at the 2006 Bromsgrove Conference, is available for
GBP 10 payable to prosperity and is essential reading for beginners.

The Grip of Death: A study of modern money, debt slavery and destructive
economics by Michael Rowbotham (Jon Carpenter Publishing, 1998), Goodbye
America! Globalisation, debt and the dollar empire by Michael Rowbotham
(Jon Carpenter Publishing, 2000), and Creating New Money: A monetary
reform for the information age by Joseph Huber and James Robertson (New
Economics Foundation, 2000) are all available from Prosperity.

http://www.prosperityuk.com/prosperity/articles/mosimprt.html


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