Excerpt from The Community's Credit: A Consideration of the Principles, and Proposals of the Social Credit Movement Events to-day are moving far faster than ideas, and while governments and their expert advisers are seeking a cure for the economic malady along old, discredited lines, the governed are finding scant comfort in the out-worn formulæ of past decades and the platitudes of present-day politicians. And in the meantime the condition of modern industrial civilisation grows daily more serious. The present situation needs fresh analysis, and for its betterment, a new remedy. In the spring of the year 1920 there appeared the former of two remarkable books by Major C. H. Douglas. In "Economic Democracy," and later (assisted by Mr. A. R. Orage, late editor of "The New Age"), in "Credit-Power and Democracy" also. Major Douglas has undertaken a new and fundamental analysis of the industrial situation, and has pointed out the principles upon which any permanent solution of the present economic difficulties must be sought. The Social Credit Movement has arisen as a direct result of these two books, in order to study and develop the principles formulated therein, and to discover ways and means of carrying them into effect. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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This work approaches the phenomenon of guild socialism from a new perspective, focusing on the Douglas Social Credit movement. It explores the key ideas, gives an overview of the main theories and traces their subsequent history. Thoroughly researched, it provides original material relevant to the field of political economy. This early approach to non-equilibrium economics reveals the extent of the incompatibility between capitalist growth economics and social and environmental sustainability.

Should all young adults receive a capital grant? Should all individuals be given a lifetime regular income? Would either form of payment be just or unjust? These questions figure prominently in recent social philosophy and policy discussions on 'stakeholding' and 'basic income'. Both types of proposal have a long, but largely unknown history. This anthology contains a wide variety of historical contributions, some of which are presented in English for the first time, highlighting striking parallels between past and present debates.

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