This is just a snippet from a RAW interview I was reading that you can find here. I shall introduce the quote with my feeble attempt at a RAW-like extended sentence…!
This extract is just a throwaway deviation from the rest of the interview, which in itself – and in common with all RAW works – deviates all over the place and hasn’t one central theme, but the ideas expressed in this snippet have a singular currency in the financial climate we now find ourselves in and speak of a great truth that is known to us all, but has become hidden behind the cares of the world of which he speaks so pointedly:
MQ: For myself, just to clarify what Fuller spoke of in terms of utilizing natural resources, Fuller said both Marxism and Capitalism was based on the theory of economics put forth by Malthus. How does Fuller get beyond that viewpoint of economics?
Wilson: Well it’s very simple. Malthus assumed — he was an employee of the British East India Company — he observed that population was increasing faster than known resources. So he assumed that there would be perpetual warfare over the resources, and most of the population would perish by starvation or other means, because they weren’t smart enough or cunning enough or ruthless enough to get their share or more than their share. Then Fuller pointed out that resources do not exist apart from us. Resources exist when the human mind sees how to use something. Resources accepted by statisticians and the economists have increased steadily since the time of Malthus. Resources are increasing faster than population actually. This fact is hidden from us by the goddamn banking system, which has inserted a bookkeeping system into the process, whereby every exchange has a interest charge on it, whether you know it or not. And most of the profits are going to the banks, where as they should be going to the whole population at large, because the credit is not created by the banks, it is created by everybody who’s working.
Even me — even people who are just working at putting words on paper are creating value. And banks aren’t creating a damn thing. They’re just charging usury at every step of the way.
Full interview in the Maybe Quarterly