SOCIAL CREDIT MEETING

Evening Star, Issue 23681, 14 September 1940, Page 6

SOCIAL CREDIT MEETING

At the last Social Credit meeting Mr A. Lind gave an address on ‘ The Cen. tralised Control of Industry.’ The dominant financial policy of industry, he said, was such that production for markets became the first consideration rather than production of goods and services for consumption. The word depression was an imposed misnomer, as a real depression could only be the result of natural law, such as a drought op flood, which produced an _ unavoidable scarcity of goods and services. It wa« becoming widely recognised that booms and slumps were artificially brought about. The question then presented itself: Where did the control reside, and who was ultimately responsible? To maintain efficient production, it was necessary to centralise function and process, which meant, in effect, that the technician took on the role of dictatorship in a local sense, but it must be observed that control of function was not control of objective policy. Generally speaking, the policy of industrial activity was financial profit. The interlocking, world-wide banking system assumed ownership and control of the people’s credit-power, and, as the rule* of this type of institution were. framed to meet the requirements of its own peculiar accounting devices rather than the requirements of individual men and women, we saw the tragedy of human beings being forced to obey _ a set of artificial conventions as distinct from scientifically-interpreted naturallaw. The effects of this control might ha noticed in New Zealand, where ah tha present time a subtle reduction of buying power was taking place. In order to combat this hidden power, it was necessary for every electorate to urge its parliamentary representative in the name of real democracy, to figlit top the return to tho people of their own rightful control over credit-power wlio'li might he called the. community’s life