Editing Factors of production (section)

=== Cultural heritage ===
[[C. H. Douglas]] disagreed with [[classical economists]] who recognized only three factors of production. While Douglas did not deny the role of these factors in production, he considered the "[[Cultural heritage]]" as the primary factor. He defined cultural inheritance as the knowledge, techniques, and processes that have accrued to us incrementally from the origins of civilization (i.e., [[Progress (history)|progress]]). Consequently, mankind does not have to keep "[[reinventing the wheel]]". "We are merely the administrators of that cultural inheritance, and to that extent, the cultural inheritance is the property of all of us, without exception.<ref>Douglas, C.H. (22 January 1934). "[http://www.polskawalczaca.com/library/ALOR%20-%20Monopolistic%20Idea.pdf The Monopolistic Idea]" address at Melbourne Town Hall, Australia. The Australian League of Rights: Melbourne. Retrieved 28 February 2008.{{dead link|date=April 2024}}</ref> [[Adam Smith]], [[David Ricardo]], and [[Karl Marx]] claimed that [[labour theory of value|labor creates all value]]. While Douglas did not deny that all costs ultimately relate to labour charges of some sort (past or present), he denied that the present labour of the world creates all wealth. Douglas carefully distinguished between [[value (economics)|value]], [[historical cost|costs]] and [[price]]s. He claimed that one of the factors resulting in a misdirection of thought in terms of the nature and function of money was economists' near-obsession about values and their relation to prices and incomes.<ref>{{cite book |title=Social Credit |last=Douglas |first=C.H. |year=1973 |publisher=Gordon Press |location=New York |pages=60 |url=http://douglassocialcredit.com/resources/resources/social_credit_by_ch_douglas.pdf |isbn=0-9501126-1-5 |url-status=dead |archive-url=https://web.archive.org/web/20100209091428/http://douglassocialcredit.com/resources/resources/social_credit_by_ch_douglas.pdf |archive-date=9 February 2010 |df=dmy-all }}</ref> While Douglas recognized [[use value|"value in use"]] as a legitimate theory of values, he also considered values as subjective and not capable of being measured in an objective manner.

[[Peter Kropotkin]] argued for the common ownership of all intellectual and useful property due to the collective work that went into creating it. Kropotkin does not argue that the product of a worker's labor should belong to the worker. Instead, Kropotkin asserts that every individual product is essentially the work of everyone since every individual relies on the intellectual and physical labor of those who came before them as well as those who built the world around them. Because of this, Kropotkin proclaims that every human deserves an essential right to well-being because every human contributes to the collective social product:<ref name=":1">{{Cite book|title=The Conquest of Bread|last=Kropotkin|first=Petr Alekseevich|publisher=Penguin Classics|others=Priestland, David|year=2015|isbn=9780141396118|edition=This edition, using the 1913 text, first published in Penguin Classics in 2015|location=London|oclc=913790063}}</ref> Kropotkin goes on to say that the central obstacle preventing humanity from claiming this right is the state's violent protection of private property. Kropotkin compares this relationship to feudalism, saying that even if the forms have changed, the essential relationship between the propertied and the landless is the same as the relationship between a feudal lord and their serfs.<ref name=":1"/>