The following are responses to some questions posed:
Dear Rodney,
Thank-you for your questions. I offer comments at the pointers ^j below.
Before I do so, the point is that the plan for Co-operative Socialism abolishes or reverses all aspects of Capitalism, such that, eventually the use of money (and thus its creation) will fade away into history: as unecessary in a world operating upon values of love, care and voluntary co-operation.
So:
1. (Because you say it is nonsense to have debt or interest) you are presumably proposing debt-free issuance i.e.'printed money' jissued without repayment.
^j yes: how can The Commnity owe The Community debts or deplete itself by paying itself interest?
Yes, Community-created money: just as ina LETS scheme, but as, as it were, a Nation-wide LETS Scheme.
But the questions still remain and you (who are fully aware of the relevance of the questions) should answer them.
- To whom is the debt-free money issued?
- Why?
- And (roughly) in what amounts?
j^ Sufficient Sterling presently exists and, since 'The Annual Increase in The Money Supply' occurs in order to pay the interest on the Already-existing Money Supply, little or no additional money will be needed.
Remember that the plan abolishes interest: either in money creation or use: ie Usury is Abolished.
Why? Because Co-operative Care is the motor of a Co-operative Socialism: with Co-operative-production (ie Social Production) to that end.
As to income amounts, the Money Income per person is, it is proposed be a Living Income fir Everyone as a guaranteed, not mean/s-tested Welfare 'Benefit', U/BI-for Social Control etc, along with Paid-work income for those that wish additional payment for work: up to a paid-work Maximum. The process part of the plan envisages that both £-amounts of the LIFE and the Paid-work Income be Socially-determined thought the two Houses of Parliament.
Debt-free issuance (e.g. for a basic income for everybody) is not related in any way to the actual production of wealth and so would create a massive hyper-inflation (e.g., 'banana republics' or Weimar). The prospect terrifies people.
And, don't forget, the World Economic Forum says that the vast majority of people will soon be without work. The WEF -- cunning blighters -- solves the problem by proposing a tiny basic income (from taxation) and, of course, at the same time, a reduction in the number of the 'useless people' (that is the description used by the WEF) probably to around 7% of the present population total.
j^ yes the WEF has tried to co-opt our plan (and I can explain how they, most likely did so) and, because it is a Satanic Organisation, it has the population elimination target that you describe: Covid was just its limbering-up exercise.
In practice, large-scale debt-free issuance is not only highly infationary but also increases capital concentration in the hands of the rich -- see the history of most South American countries which have wide rich-poor division and high inflation.
j^ Only if the rest of Capitalism is left in place: crucially the Theft-Greed-Accumulation-Usury mechanism (which Eisenhauer termed 'The Military-Industrial Complex').
2. You also appear to say there will be interest-free (repayable) money for co-operatives. Is that right?
j^ Since all workplaces will be appropriate Co-operatives and all need, until the use of money withers away, yes: all workplaces with need Working Capital, Interest-free to avoid, ultimately, soil-fertility-depletion. Solidarity Economy Co-operatives of both types (Community Co-operatives in the Monopoly Sector of the economy and Worker Co-operatives in the Diversity-of-Provision Sector of the economy) will not have the income to repay its Working Capital income, while the two types of Co-operatives in the Co-operative Social Economy (Monopoly as Community Co-operatives and Worker Co-operatives in the Diversity of Provision, 'Market' Sector of the economy) will return their Financial Surpluses into 'The Common Purse' for subsequent distribution and use.
3. I am very interested in your view of the Mondragon region in Spain and its co-operatives. They have expanded; give ownership to ordinary people and have low chief executive/worker salary ratios (which you, commendably, have always identified as a key issue,)
They are ideal for interest-free money because the overall effect would be to spread ownership to ordinary people.. Anything wrong with that
j^ the Mondragon experiment is worth discussing. As they say, apparently, 'They build the road as they go along.'
As do we. In a Socially-, Personally-, Family, Ecologically-Beneficial Co-operative Way.
This is why CCMJ should, benefically and, thus, In Christ, adopt and promote the plan and process for Co-operative Socialism to implementation and annual review.
I so move.
John
Ps knowing about Upton Sinclair and EPIC is also worth knowing about. I can offer the YouTube video link.
