Source: Center for a Stateless Society
by Kevin Carson
“The manufactured necessity of this capitalist investor is the result of a credit system based on artificial scarcity — namely the myth that credit is something that must be lent ‘against’ previously stockpiled wealth, rather than simply requiring a unit of account for coordinating the flows of production between different groups of producers. The latter model of credit could be organized horizontally by the producers themselves, advancing their products to one another, with no need for accumulated wealth.” (10/02/24)