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Commuters Heal Ourselves- Taking responsibility for our trains
29th January, 2007
It is a commuter who suffers and a commuter alone who could correct
what is wrong. The source of the trouble is a flawed and unsafe
philosophy of economics. We who travel by train, could if we desired,
examine that flaw and get it corrected. That is within the power
and ability of everyone of us. Although it appears to be beyond
the wits of those in office to do so.
The flaw is to imagine that the cost of the railways can be paid
out of the fare box. The amassed takings from rail users in fares
for passengers and freight. The money available to achieve the alien
objective, of creation and maintenance, does not exist. For example
the usage of the Railways has more than doubled since the last war.
During that period the nations money supply has been reduced instead
of increased by 100 per cent. We need that increase in the money
supply, instead we did the opposite, we reduced the money supply.
This is what we did. We like to believe we live in a democracy
and in a democracy we must have control of the money supply, otherwise
it is a financial dictatorship. We attempt to live in a financial
dictatorship and it is not fit for purpose. It is up to us to correct
our economic philosophy or stop grumbling because we are oppressed
and suppressed. We give Gordon-Brown a nutty form of economics to
work with and supine and belly-up, grumble at what we endure as
commuters.
The deadly flaw in current economic think is that new money must
not be created and issued by our Government, for fear of inflation.
All new money must be issued as credit and it should not be by our
Government for fear of inflation. New money must only be issued
as credit and only by private banks. No other way is permitted.
We do not appear to object to this abuse and allow our currency
to be so diluted with credit, that it is no longer fit for purpose.
Proof of that fact are the trillions and trillions of pounds we
now owe as debt. A debt which increases all the time as we borrow
more credit to pay the interest on credit already borrowed.
We can look at that, see the total insanity of such a Monetary
System and merely shrug and say “So what! it works”. Try
telling that to the boys who share with you standing room in the
toilet on the train. “Don’t worry old chap, we shall get
there eventually”.
Better by far to say “We could have the very best train service
in the world, if we regarded the trains as a real National asset,
essential to the needs of the Nation and financed by new money,
specifically minted, printed or somehow created by the Government
to cover all costs of creation and maintenance.
However great that sum might be, it could not cause inflation when
spent wisely and well, by rail men and women, who work for the Nation
and not for financiers and shareholders.
We are the Nation, who use the trains. If we do not respect those
men and women and cherish their service, we shall not expect to
travel in comfort.
Doctor Edward C Hamlyn MBChB
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