Social Credit News

Thursday, 31 July 2014 01:48

New Zealand Social Credit Party - 60 year anniversary

Rate this item
(1 Vote)

The New Zealand "Democrats for Social Credit" Party is celebrating its 60th anniversary this coming weekend:

https://nz.news.yahoo.com/a/-/top-stories/24582295/democrats-for-social-credit-party-celebrates-60-years/

It should be noted that Major C.H. Douglas was, for both tactical and more principled reasons, strongly opposed to the establishment of Social Credit political parties:

There is at the present time an idea that we should have a Social Credit party in this country. I can quite understand and sympathise with that idea, but it is a profound misconception. It assumes that the government of the country should be a government of experts. Let me show you that it does assume that. If you elect a Social Credit party, supposing you could, I may say that I regard the election of a Social Credit party in this country as one of the greatest catastrophes that could happen. By such an election you proceed to elect, by the nature of it, a number of people who are supposed to know enough about finance to say what should be done about it. Now it is an axiom of experience that no layman can possibly direct the expert in details, and in normal things no layman is fool enough to try to do it.

If you had a Social Credit government, it would proceed to direct a set of very competent experts – the existing financial authorities, for example – how to do their jobs. The essential thing about the situation would be the responsibility for what was done. Now no set of 500 or 600 men whom you could elect in this country could possibly know as much about finance as the people they would presume to direct. You know, in all that I have said about financiers, I have never at any time said that they were incompetent, nor are they, within the limits of their own philosophy. But to elect a Social Credit party in this country would be to elect a set of amateurs to direct a set of very competent professionals. The professionals, I may tell you, would see that the amateurs got the blame for everything that was done.[1]

In the place of political parties, Douglas advocated non-party political action on various levels as a means of educating the general population and of putting sufficient pressure on the centres of power so that Social Credit measures could be introduced.

 

[1]   C.H. Douglas, The Approach to Reality (London: K.R.P. Publications Ltd., 1936), 12-13.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Latest Articles

  • Debt Finance and the Apocalyptic Propensity
    "Given the foregoing analysis, one may well be inclined to think that at least a fewapocalyptic narratives are deliberate psychological operations designed to demoralize,terrorize and ultimately subjugate the public. Nonetheless, they cater to a genuinepsychological need - the need for an explanation for the sense of foreboding and uneasethat so many feel. Thus, in order to drive these doomsday dogmas out of the minds ofmen, it is not sufficient to simply expose and discredit them: it is necessary to constructan alternative narrative that meets the psychological need, but also provides somethingthey cannot: hope.""It is here that Douglas Social Credit becomes invaluable as the Trinitarian solutionthat explains our predicament, exposes the apocalyptic narratives and expounds analternative worthy of a species whose members are meant for more than to merely live infear and die in pain." Read the full article in the attachment below.
    Written on Monday, 06 April 2026 11:37 Read more...
  • The Accounting of Abundance: A Structural Critique of Inflationary Theory
    Mainstream economic thought treats inflation as a phenomenon of monetary volume—the "Too Much Money" paradigm. However, by applying the engineering logic of C.H. Douglas’s A+B Theorem, we can deduce that inflation is not primarily a result of consumer behaviour, but a mathematical consequence of debt-based cost accounting in an industrial society.
    Written on Saturday, 14 February 2026 12:56 Read more...
  • A Douglas Social Credit Critique of Gesell’s Monetary Analysis and Proposals
    Silvio Gesell believed that the two great economic evils were stagnation and inequality. He attributed stagnation to hoarding (the “retention” of money that slows circulation) and inequality to both hoarding and the payment of interest on money. His remedies were therefore twofold: demurrage (a carrying charge that makes money lose value if held, forcing it into rapid circulation) and interest-free credit. From a Douglas Social Credit standpoint, Gesell’s take on monetary reform rests on a fundamentally flawed diagnosis and thus the remedies he proscribes are inadequate, in addition to being coercive and counterproductive.
    Written on Tuesday, 10 February 2026 14:00 Read more...