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Social Credit

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Book Details

Title:Social Credit
Douglas, Clifford Hugh   
Published:   1935
Publisher:Eyre & Spottiswoode (Publishers) Ltd.
Tags:economics, politics, sociology

Observing that large British businesses paid less in salaries, wages and dividends than the costs of goods and services produced, Douglas concluded that the economic system was organized to maximize profits for those with economic power by creating unnecessary scarcity. He proposed reforms that brought the purchasing power of workers in line with production by way of a national dividend to distribute money (debt-free credit) equally to all citizens and a price adjustment mechanism to forestall inflation. [Suggest a different description.]

Pages:117 Info

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