From The Causes and Cure of This Depression by Whitney Hart Slocomb, 1933

’ . . . money flowing in one direction from consumption back to production, while the wealth itself flows in the other direction from production to consumption.’  (page 8)

 

The cause of the great bump of “prosperity” that was climaxed in 1929, to be followed by the balancing watered-stock-squeezing depression was two-fold. We had an income tax. Also, it is said that machinery became many times as productive and threw thousands of men out of work. As long as good times lasted, these men could get work because of the general policy of re-investment of money. Some people seem to think, though, that there were plenty of men out of work even in the “normal” times. The great employers of men, along about 1922 and later, took this increased machine production and did not divide it with their employees as wages. Instead, they put the profits back into the business and “watered” the stock in order to avoid the income-tax. . . .  ( page 11 )

Los Angeles, Whitney Hart Slocomb, 1933.

Our Founding Fathers failed to provide against a scarcity of land.

When this country was founded, these was so much idle land "to the West" that no provision against the time when all land clear to the pacific Ocean would be pre-empted and taken up and made falsely scarce.

Our Founding Fathers also failed to anticipate a scarcity of money, and a change in the primary nature of money.

Also, the writers of our Constitution did not anticipate the development of our system of voluntarily cooperative, assembly-line-like, mass production, and the consequent change in the primary nature of money, from a privately owned labor product used as a medium of exchange (usually gold and silver), to evidences of a social credit—a social credit that must be administered by the government-like organization of the people themselves, if we are to remain a democracy.

Also, the writers of our Constitution did not anticipate the time when this system of mass production would so need money to fill the channel of its functional cycle, that industry would be continuously starved for enough money
(1) To fill the channel of the functional cycle of money, and
(2) To act as a simplified system of national bookkeeping, and
(3) To act as evidences of the social credit of the individual possessor of money, and
(4) To evidence the debt of the whole people of the nation to the possessor of money for this possessor's share of the wealth he helped to produce, because, today,
(1) Money is put into circulation backwards, predicated on wealth being consumed, instead of being put into circulation predicated on wealth being produced, as it should, and because (1) Because of this industrial starvation for money, and
(2) Because the accumulating power of compounding interest and re-invested rents, have caused all money to become owned by a comparatively few who lend it to industry for a very high price in terms of interest and collateral, that industry is PREVENTED from
(1) Growing to its proper size, and of
(2) Being able to give sufficiently well paid jobs in it to everyone who will work, and of
(3) Becoming a big, self-consuming organization without any "over-produced" "surplus" left over, while the many starve.

 

Whitney H. Slocomb, The Sovereign Individual vs. Communism and Fascism
Los Angeles : Whitney H. Slocomb, LLD, 1951, page 25.

From The Communist Constitution vs. The United States Constitution
by Whitney H. Slocomb, 1955

Land can be owned only by either private persons or government. If not owned by private persons, it must be owned by government. Owned by the government which, in turn, will be controlled by the money owners, the land will become EFFECTIVELY owned by the Fascistic money owners.

Boston : Meador, 1955, page 409.

Slocomb, Whitney Hart, 1895- Title Mass production and money. Publisher Boston : Meador Pub. Co., [1959] Description 2 v. 22 cm. Language English Note "A revision and enlargement of a pamphlet published in 1939 entitled, ' The development of our system of mass production and the evolution of money.'"

Slocomb, Whitney Hart, 1895- Title The natural law that manifests as life. Imprint Boston, Meador Pub. Co. [1959] Descript 3 v. 22 cm.

Slocomb, Whitney Hart, 1895- Title The communist constitution vs. the United States Constitution; how the faults in our economic system may be eliminated and allow us again to become a true democracy of free and equal, sovereign individuals. Publisher Boston, Meador Pub. Co. [1955] Description 431 p. 21 cm. Language English

Slocomb, Whitney Hart, 1895- Title Do you want to be a slave of the state, or should the state be your servant? Publisher Los Angeles, W.H. Slocomb, c1953. Description 47 p. 39 cm. Language English

Slocomb, Whitney Hart, 1895- Title The sovereign individual vs. communism and fascism. Publisher Los Angeles, c1951. Description 78 p. Language English

Slocomb, Whitney Hart. Title How to put technocracy into practice. Edition 2d ed. Publisher Los Angeles, Calif. [Print. by Oxford typesetting co. ] 1933. Description 2 p. l., 3-24, [1] p. 19 cm. Language English

Slocomb, Whitney Hart, 1895- Title The causes and cure of depressions, by Whitney Hart Slocomb. A complete plan for social readjustment which will bring out the realization of democratic and technocratic ideals. Publisher Boston : The Christopher publishing house, [c1933] Description 3 p. L., 5-131 p. 21 cm. Language English

Slocomb, Whitney Hart. Title A new philosophy, by Whitney H. Slocomb. Imprint [Los Angeles] The Author, c1931. Descript 47 [1] p.