Book: Social Credit
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Social Credit is a socio-economic philosophy, interdisciplinary in nature, encompassing the fields of philosophy, economics, political science, history, accounting, and physics. The term Social Credit, as a formal name, originated from the writings of British engineer and originator of the Social Credit movement, Clifford Hugh Douglas (a.k.a Major Douglas, 1879–1952), who wrote a book by that name in 1924. According to Douglas, the true purpose of production is consumption, and production must serve the genuine, freely expressed interests of consumers. Each citizen is to have a beneficial, not direct, inheritance in the communal capital conferred by complete and dynamic access to the fruits of industry assured by the National Dividend and Compensated Price. Consumers, fully provided with adequate purchasing power, will establish the policy of production through exercise of their monetary vote. In this view, the term economic democracy does not mean worker control of industry. Removing the policy of production from banking institutions, government, and industry, Social Credit envisages an "aristocracy of producers, serving and accredited by a democracy of consumers". Assuming the only safe place for power is in many hands, Social Credit is a distributive philosophy, and its policy is to disperse power to individuals. Social Credit philosophy is best summed by Douglas when he said, "Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic".
Quotes from the book
 | A system of Society which depends for its structure on the theory of material rewards and punishments, seems to involve, fundamentally, a general condition of scarcity and discontent.
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— Major Douglas
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Concepts
- What about the workers
- p125 - democracy - how can non-specialsts make decisions
Notes
See also
