I received the following from RossC :
‘Hello I have followed your blog and read most of your Book/PDF not to the end yet so it may be in there but how do we take down the monetarists? how do we shift the battle field so much that it is possible to defeat them?
There is I assume no going back to socialism as few would want to so how do you jump past what is and what would you present to the people to make them want to follow.
I am a New Zealander and we have had 30 years of monetarist policies with constant privatization, destruction of the left and the other same old things house boom, wage stagnation and attacks on welfare yet still we vote national (tories to you) and even with a labour government we get only small changes.
We do have an MMP electoral system with 70% voting this leaves 30% outside the system a large portion young or poor non-voters.
What shape should any future look like to oppose the monetarist system?
RossC, Thank you for your comments:
‘how do we take down the monetarists? how do we shift the battle field so much that it is possible to defeat them?’
There are two aspects to your question.
- The short term need to stop this specific phase of the Monetarist program and
- To address the underlying causes that brought Monetarism about.
Monetarism and the Democratisation of Money is the project to privatise the issuance of money, that is to privately control what money is issued, what kind of money it is, and when it is issued.
Why is this a problem?
Because this project seeks to destroy the Social Aspect Of Money– the fact that money ‘in common’ is in itself is a social good.
If your neighbour has a nice garden and a clean tidy house it benefits you and it benefits everyone in the neighbourhood, even though individual people in the neighbourhood don’t actually own any of the house. You benefit from the social aspects of the house. It is part of THE COMMONS. Of course if the house is scruffy and run down then you and everybody else suffers correspondingly.
Though people find it hard to understand, money basically has the same social aspect. The kind of money in circulation, where and when it is put into circulation affects the well being of everybody. The social benefits of money as a common good benefit everyone, even people who don’t actually own any money!
This is the antidote to Monetarism.
Just as Monetarists believe that there is no such thing as society in general terms they also believe that there is no such thing as society in monetary terms.
From what I have said that we can understand the Monetarist project as the destruction of the social benefits of money. Our response should be to restore and expand the social benefits of money. That means we have to understand and explain the social benefits of Government Issued Money in common.
Here are some of the social benefits of Government Issued Money that Monetarists are destroying and the way that they can be restored:
|Social Benefits of Government Issued
Money In Common
|Why Is This A Benefit?||How Monetarism (Democratised Money) Is Removing This Benefit||How Can We Restore This Benefit?|
|The right to privacy||Government issued Paper money can be exchanged and stored in private. You can conduct your financial affairs in line with your own best interests by means of free association giving you comparative rights with those wealthy enough to buy privacy.||The Shadow Economy is privacy for bankers FROM public scrutiny. Transferring more and more economic activity to digital banking and the Permanent Credit Economy means all public activity can be tracked and permission given or withheld by a digital economy elite. (Ditto Bitcoin).||Remove all legal limits on amount and purpose of cash transactions. Strictly control information that can be gathered and passed on bank activity. Advise people to hold as much cash as possible. Rebuild the cash economy. Make the Shadow Economy (Democratised Money) illegal.|
|The right to enter in and out of the economy at will.||By having access to money notes that can be entirely held outside the economy, each individual can maximise personal financial benefit by choosing where and when to interact with the wider economy.||By destroying bank interest and forcing growing dependence on the Permanent Credit Economy this is the Participation Economy. By allowing banks to operate with below minimum reserves.||By maximising the amount of money held by individuals in cash. By forcing all parts of the economy to accept cash as payment and payments to be made in cash if required. By restoring interest rates to long term averages. By making derivatives (D Money) illegal.|
|The right to collective negotiation with the state on taxes and benefits.||Collective groups will have more leverage than individuals when dealing with the state.||By preventing any democratic political access to the control of the issuance of money||Make monetary policy the subject of democratic process. Make illegal any money issuance outside of political process.|
|The right to collective negotiation with private entities||Collective groups will have more leverage than individuals when dealing with private entities.||By destroying the cash wage economy, the traditional employment model and trades unions.||Restore the cash wage economy the traditional employment model and trades unions.|
|The right to commonly decide interest rates||Interest rates can be used to promote the kind of economy and job availability that maximises benefit for the most people.||By preventing any democratic political access to the control of the printing of money||Make monetary policy the subject of democratic process. Make illegal any money issuance outside of political process.|
Money in common is a social good. Money that is privatised, Democratised Money, is a destructive force. Its purpose is to destroy the post war settlement that benefited the ordinary people of the developed world to such a great extent.
The points in the above table outline a short to medium term strategy for dealing with Monetarism. What about a longer terms strategy, dealing with why Monetarism has come about?
A couple of the points RossC makes illustrate this very clearly.
‘There is I assume no going back to socialism as few would want to so’
This is a strange thing to say. Socialism has never been more popular among the rich and bankers. The entire financial system is run as an international socialist syndicate. It is widely accepted in right wing as well as left wing circles that what we have now is ‘Socialism for the rich and Capitalism for the poor’. How can we explain this bizarre set of circumstances? We have to turn to the study of WHITEISM.
‘ how do you jump past what is and what would you present to the people to make them want to follow’.
We must explain the Social Aspect of Money, this is the missing part of the opposition response to Monetarism and Austerity. Monetarists have succeeded in promoting the idea that it is in the best interests for a small elite to control the money supply. This is the essence of their attack and this is the place we must meet them head on.
‘ yet still we vote national (tories to you) and even with a labour government we get only small changes.’
There is a direct relationship between the Democratisation of Money and Whiteism. There is no long term answer without understanding and addressing Whiteism.
The key to take away from all this is that:
There are social goods that we all hold in common. Monetarism seeks to take advantage of the fact that most people do not understand the importance and the benefits of these social goods. They hope that this ignorance will allow Monetarists to hijack these social goods permanently and to use the massive power this gives them to institute a new permanent global power system.
We have not lost control of these social goods yet, although the entire purpose of Monetarist propaganda is to try to convince us we have. Call this the IAGO STRATEGEM.
Our battle is to inform people of the existence and benefit of these social goods in particular COMMONLY HELD MONEY and to convince them to fight to defend them.
This is the battleground where the fate of Monetarism will be decided…..
Write again soon….