Banks Would Cease to Exist!
Friday, November 14th, 2008
Don Malcolm wrote: Technocracy’s proposed plan is
a scientific/social design to produce and distribute a virtual
abundance equally to ALL North Americans with the least possible
wastage of nonrenewable resources, a minimum of human effort, and a
maximum of efficiency. The industrial mechanism would operate 24 hours
a day, 365 days a year. Efficiency could achieve required production
with less infrastructure. Goods would be better built to last longer,
eliminating built-in obsolescence and lessening the production
equipment necessary. Products, wherever possible, would be designed
with total recycling capability thereby decreasing the drain on
non-renewable resources.
A viable method indicated by Technocracy’s calendar
would show the population, from age 25 to retirement at 45, working
four days onthree days off for 287 days (165 which are work days) plus
78 days vacation per year. Technological improvements since 1933 have
shortened work time considerably. Citizens up to age 25 would receive
education and training. In their greatly increased leisure time, people
would have an opportunity to engage in a variety of familial,
introspective, artistic, scientific or sporting pursuits or extensive
travel.
Money, as we know it, would be replaced with a
non-fluctuating medium of distribution. Instead of having an “elastic
value” (supply and demand) as at present, goods would possess a
measurable energy input and would be distributed on that basis. The
total “cost” of all goods and services produced would be the total
amount of all energy used in their production. Personal consuming power
would be issued to all citizens throughout their lives, in a form of
non-negotiable accounting. It would be used only by the person to whom
it was issued as a medium of distribution. In modern usage it would
likely resemble (physically) the credit card but there the similarity
would end. In conjunction with a modern computer system it would be in
a continual accounting system (detailing expenditure of energy and
natural resources), a continuous inventory, an identification and
record of the holder and a guarantee of security. _ Unlike the credit
card, it would NOT be: a medium of exchange, subject to fluctuation of
“value”, subject to theft or loss, subject to hoarding or gambling, a
symbol of wealth or prestige, a means of creating debt. It would be
useless to everyone except the person to whom it was issued. There
would be no personal “saving”: the unused remainder of individual’s
energy account would be canceled out at two-year intervals and replaced
with a new account. Banks would cease to exist. (11/14/08)
more…





