(Paperback)
Frank Rosewater,
Independently Published (Publisher)
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From the PREFACETHE Coming Golden Age presents no 'arbitrary' or Socialist Utopia; nor is the title it bears a mere phrase to gild a milk-and-water gospel of goody goodyness. It purports to be 'literally' just what its title implies.Monetarism, our present industrial system, is an automatic 'exchange process, ' whose use of money 'unites' into co-operation all the labor of the civlized world, whether applied individually or in co-ordinated groups working in shops, factories or other industrial enterprises.Wonderful and prodigious as are the achievements of this exchange process, it is nevertheless exposed to 'one grave defect, '; which is herein clearly pointed out, and to which are traceable nearly all the industrial ills and disturbances by which the world from the earliest days has been afflicted-disturbances from industrial crises to riots, revolutions and murderous wars; from chronic mistrust and abnormal antagonism to corruption and depravity in a thousand forms.The defect in question - 'a shamefully negligent regulation of the monetary circulation' - needs but correction, quickly to remove all these symptoms of fundamental abnormalism. The correction of this defect would establish 'harmonious' relations both between man and man and between nation and nation, supplying the foundation for an enduring and 'honorable' peace between the nations, resting on a 'minimum' use of force.The State would merely institute those changes needed to enforce a 'normal' circulation of money and a 'normal' use of wealth; and the people would do the rest, in the ordinary way of evolution. In every vocation, great changes would be made by its own members, readjusting their affairs to suit the trend to normal conditions that would follow. It would incur no hardship, being like a removal from cramped to commodious quarters.In the new philosophy of economics evolved, discussion of matters of mere academic importance has been avoided, as also digressions not pertinent to the main issue-thereby bringing into closer connection the interrelated questions at issue, and making the whole more easily understood.
