Rick:

I appreciate your references. I am not disputing that you are advocating a
defense of social credit (a bit "euphamised" as monetary laws) as Pound might
present it. I am merely noting that the Marxist analysis would follow the lines
that implementation of socially progressive legislation (or programs) would be
dependent on control of the state apparatus. Not an irrelevant point.
Ultimately, Pound's unflagging support of the the dictator, shown both in his
life and his writings, reflects a simplistic and, in some ways, largely
unformed analysis of power sharing within the twentieth century state.

To paraphrase you: Have your Major Douglas (Social Credit) as you will, but
rely on its implementation through a dictator.

And for those who think I am being catty or stretching a point, don't forget
that Pound arranged his sole meeting with The Boss (Mussolini, a long time
dictator at that point, at the height of his popularity, but also known for his
extra-judicial killings, arbitrary justice, restricted press freedoms, etc.) to
present him with his Cantos, yes, but also his economic program, rooted in the
Social Credit of his time.

Michael



Richard Seddon wrote:

> Michael:
>
> Pound was advocating direct control by the State of the economy and society
> through monetary laws.  He was relatively unconcerned about capital.  Have
> Marx as you will but Pound thought Marx was misdirected in his efforts.
>
> For Pound on Marx:  see page 278 of "Selected Prose of Ezra Pound" edited by
> William Cookson.  For Pound on Marx/capital and Pound on money see pages 307
> and 444 of "Selected Prose".  There are numerous other occurrences of Pound
> on Marx and Pound on money in Chapter six of that book.
>
> Rick Seddon
> McIntosh, NM