First page Back Continue Last page Overview Graphics
The Next “Free Abundance” is Credit
The present system of money and banking is a choke on credit, which is potentially infinite and free.
The practical limits of credit are:
- The productive capacity of the buyer, and
- The trust of the seller
The appropriation of credit by the government and banking sectors diverts a huge proportion of economic output from need satisfaction to accumulation and waste.
Notes:
“Nations, companies and individuals that exploit the ‘free’ abundance (that is, the resource with the plummeting price) gain market share against all rivals…. The political leaders who accommodate them become the prime movers in global affairs. Their countries pioneer and prosper.” George Gilder, Telecosm, p.7).