LABOUR AND DOUGLAS SOCIAL CREDIT.

Southland Times, Issue 22993, 12 September 1936, Page 5

LABOUR AND DOUGLAS SOCIAL CREDIT.

To the Editor. Sir, —May I use a little of the space in this column to comment on your 'leading article of Monday which was, from a Douglas Credit point of view, interesting and amusing. If I remember correctly you hurled some fair-sized brick-bats at the Labour Government before the Budget came down but since then your opinion seems to have changed. In fact you seem highly delighted that the public is still to be taxed and that the public credit is still to be pawned to the Shylocks, as you say “in much the same way as it has always been used in every country and by every kind of Government.” Does this mean that the name a Government brands itself with does not really matter after all? As long as the orthodox financial system is supported every Government’s policy must be nearly the same, some will perhaps reduce spending while others may increase it, but the effect, in the long run, is the same on the public. Australia has State Governments under different names but they all bend the knee and take off their hats to the orthodox financial system when money is required. This fair country’s national debt doubles itself every ten years! In 1860 it was a modest

£12,000,000. Work it out! Perhaps this is the "financial structure that has taken centuries to build” that you would not like to see torn down. Referring to the uneasiness in the Labour ranks, I can assure you that Mr Nash has grounds for uneasiness and by the time next election comes along I venture to say that the weight of the Douglas Movement will make itself felt.—Yours, etc., DIZZY. Riverton, September 10, 1936.