Re: Re: Socialism and Capitalism

To get a clearer picture suppose there is an island with ten workers
on it.  The workers grow  food and build  cars and  make a lot of
things. But there is a problem because they can't exchange their goods
that well without money. So to have a money supply in circulation a
banker rows his boat to the island and  loans each of the workers $100
at  5% per year. The money circulates back and forth as the workers
buy things. But at the end of the year there is a total of $1000 on
the island and $1050 is owed to the banker, that is, more than the
money that exists on the island. 

   And where does the banker get the money? He simply creates it out
of nothing by printing notes on his printing press. Every month the
banker goes to the island to collect his payments, to make more
loans, and to buy cars and things with his profits. If someone can't
make their payment he takes 
their entire farm or business. 

   That is how the system is now. What the workers should do is get
their own printing press and
make their own money. To make the initial supply of money they would
simply print $100 for each 
of them. This money is not borrowed or owed and there is no interest.
But there is a money supply
on the island and they can exchange their goods. As more cars and
houses are built, from time to time more money would need to be
created, to represent the more wealth that is now on the island. 
No one of the ten workers can do this on his own. It is decided and
done at a town meeting.

   A country is the same as the island. And the government is the same
as the town meeting. 
The government should create money and not private bankers. The
government should be for 
the people. 

 Today the bankers create the money and the government serves not the
people but the bankers.





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