“What is needed is a change of policy rather than of structure, and ownership is not needed to enforce that.” John Rawson

That is correct, but what Douglas did not get completely right was that the system would not actually be free flowing with a mere momentary attainment of an equally momentary numerical/statistical equilibrium. And that is why Wisdomics/Gracenomics has the policies of an immanently individually freeing Dividend and a proactively price deflationary Discount, because nature/the laws of thermo-dynamics abhors a vacuum/stasis….and the state of Grace whether personally/psychologically or systemically has as one of its components… process and flow, in other words action and so persistence through Time. The Banks will still be able to control and manipulate the system….unless the individual is completely free and un-coercible and the vector of the entire economy is toward less and less need for their product.

Douglas was brilliant, much more observant and insightful than any economist in my opinion, but everyone lives within their own time frame and cultural and intellectual orientation. Quantum mechanics and the laws of thermo-dynamics were not well formulated or understood in the early 20th century, and neither was there much of an integration of Western and Eastern cultures the former of which emphasized science and action in the temporal universe and the latter which emphasized philosophy and actualizing consciousness.

Integration, actual integration, not a counterfeit of it or some other unworkable and/or inapplicable substitute,  is Wisdom, and policies that create continual integrating and hence the pinnacle concept of Wisdom known as Grace as in a graceful and continual free flowingness is what will finally dethrone and control Finance and chain it to the bottom of the pit.