WK: Here is quotation from British author Eric de Maré’s book “A Matter of Life or Debt” (U.S. ed. of 1991, p. 87). He cites C. H. Douglas writing in the New Age, March 28th, 1929:
Me: Yes, the business model of Finance has always been an automatic economic and anti-social problem. This does not mean that interest alone is the problem. It is indeed finance’s enforced monopolistic paradigms of Debt, Loan and For Production Only that are at the heart of the problem and must be effectively and terminally handled. This means that the paradigm of grace as in monetary Gifting must become not only the new, but also the primary paradigm that transforms our current condition of debt saturation into Gifting saturation. This does not preclude debt from also being a part of the system, but the primacy of monetary Gifting must become a reality….or the economy’s workability and even more importantly the ethical nature of the economy will never be stable and humane.