A cityless and countryless world : $b An outline of practical cooperative individualismOlerich, Henry
Science
A cityless and countryless world : $b An outline of practical cooperative individualism
Olerich, Henry
Cooperation; Social problems -- Miscellanea
“We have seen that the only source by which an individual receives
and can receive money, unless given to him, is on his labor record.
Whenever the individual wants money he labors to get a labor record,
on which money is issued only. This he can do or not as he wishes, so
that he is free as an individual to accept the community’s money or
not; for he is free to leave the community at any time and begin to
work for himself single-handedly, as you largely do on earth; for there
is plenty of first-class land unoccupied, of which he can cultivate as
much as he pleases without paying for it. The individual may or may
not accept the money of any other individual or community. So may one
community, as a commercial body, accept or refuse the money of any
other community. Of course we are always glad to receive the money of
all other communities; but there is no compulsion about it. All who
handle money judge for themselves whether it is ‘legal tender’ or not.
There is no _fiat_ about our money. Hence our money possesses the tenth
feature in a high degree.
“On earth things are altogether different. Your ‘national government,’
a body of politicians, control the manufacture, circulation and
redemption of money. The individual has to accept that kind of money
which Congress makes legal tender. By this fiat thousands of people are
robbed on account of the varying purchasing power of the dollar.
“11. The eleventh feature of a just and convenient system of money is,
that it must, in its circulation, preserve a financial equilibrium
with other parts of the world, and in proportionate quantities must
naturally return to its place of redemption.
“From what I have already said, you are aware that the Marsites have
numerous places of issue and redemption, so that there are thousands
of fountains, one in each community, from which the money is monthly
issued to each individual in proportion to his labor performed. From
these fountains of issue, it circulates to all parts of Mars, and
the money of all other communities comes to our community; so that,
in an average, one community has as much money of all the other
communities in the world as our community has in its possession of all
other communities. Thus, in our system, an almost perfect financial
equilibrium is established and preserved.
“Here on earth, in a large country like that of the United States,
there is but one place where money is issued and redeemed. From this
one center it must reach the masses of the people. On the whole earth
only from a few centers money is issued and redeemed. This enables the
capitalists to monopolize the money, as the money is passing from this
central fountain of issue to the masses, as we actually find it is on
earth; and the facility of redemption is equally bunglesome.
Public-domain text, read in full here on John Shaqi.
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