THIS TECHNOCRACY
[To the Editor of TUE SPECTATOR.]
Sra,—Is it really so difficult to see what Technocracy is driving at ? At present we are in the position of a man who should have produced food and goods, but who, when he goes to the store to obtain food, clothing, and more exciting amenities, is faced by a personage who says, " Yes ; there are lashings of food, quantities of clothes, motor-cars galore ; but though you are hungry, naked, and evidently long for a motor- car, and though you have produced all this abundance, you must not have any of these things until you dig out of the soil more of a rare (perhaps almost exhausted) yellow metal." Was ever anything more absurd ?
What is to be done ? Why, replace the financial system
-admirable for the age of scarcity in which it was evolved by one proper to an age of plenty. We've got the men, we've got the goods, we've got—well, there is the trouble. It is not a mere question, as Major Yeats-Brown suggests, of dickering with currency, but of creating it rationally so that the amount available can distribute the goods made. How this can be done has been thoroughly worked out in the National (or Douglas) Credit System. We should not be so puzzled on this side of the water by Technocracy if we had listened to what Major Douglas has been saying for more than a decade. Certainly something must be done if the creeping leprosy threatening our civilization is to be arrested ; scratchings of the irritated skin, such as Ottawa, are useless.—I am, Sir, &c., BONAMY Donate.
Mendham Priori!, Ilarleston, Norfolk.
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