C. H. Douglas, founder of Social Credit
3,859 words
The Impetus from Catholic Social Doctrine
A significant impetus for financial and economic reconstruction was Catholic social doctrine. In many states such as Dollfuss’ Austria,[1] Salazar’s Portugal,[2] Franquist Spain, Vichy France, and as far away as Vargas’ Brazil, Papal Encyclicals provided the doctrinal foundations. The main feature of these “new states” was corporatist social and economic organization, replacing party parliaments with chambers representing all professions. Read more …
On Usury
Usury does not mean high interest. It means any interest, however low, demanded for an unproductive loan. It is not only immoral but it is ultimately destructive of society. It has only been the rule of our commerce to take usury since the breakup of Europe following on the Reformation. Usury will destroy our society, but meanwhile there is no escape from it. Read more …