Howard Switzer
2 min readFeb 24, 2023

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Loved your article because of this point. I think it is clear too that the industrial mode of development is the problem. The power behind pushing that mode of development is the profit motivated financial sector. It controls the creation and the allocation of all the money which it uses to protect and maintain that privilege as well as to control the resources, every industry. (proven in the Pujo Committee investigation 1912) They are what we call capitalists and their debt-based for-profit money system is what I call capitalism. It is a debt parasite on the back of real free-enterprise productivity. They don't create value, but their money system extracts wealth from the productive economy continually concentrating it to the top.

They create and lend the money, most of it, billions go to their industrial corporations and to Wall Street speculators, the productive economy has been subjected to scarcity. If the system were changed exclusively to that which has been proposed ever since the Greenback (1862), the People's Party (1896) the Chicago Plan (1933), the Need Act (2011) we would have a very different, more caring economy. This is because money systems have a powerful psychological influence on society. If the 'first cause' of that money is personal gain, as in the current system the effects are negative, alimentation, unethical behavior etc.. It is really the psychological consequences of the age old sin of sins, usury. By creating money as an asset and issuing money exclusively for the general welfare, as its first use we can fund the needs of people and their place. From there it is a permanently circulating medium of exchange. This is why the bankers hated the Greenback, people were getting out of debt and not borrowing so much.

We can restore the ecology, we know how to grow soil, for instance, restoring the carbon, water, nitrogen and other soil/gas cycles while growing nutrient dense food. Indigenous people hold much of the knowledge we need, we need to learn how to listen to them. In a sense it's like talking to our ancestors. The capitalists will want to industrialize any successful technology to exploit it for personal gain, instead of disseminating the good idea broadly and funding implementation, profiting the many, instead of a few. Democracy. A public system can do that, a private for-profit system cannot. To issue the money is the most vital prerogative of democratic self-governance, say the ancient Greeks. We need to do it to save our ass.

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Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

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