He published his observations and conclusions in an article in the English Review where he suggested: "That we are living under a system of accountancy which renders the delivery of the nation's goods and services to itself a technical impossibility." [4] The reason, Douglas concluded, was that the economic system was organized to maximize profits for those with economic power by creating unnecessary scarcity.[5] Between 1916 and 1920, he developed his economic ideas, publishing two books in 1920 (Economic Democracy and Credit-Power and Democracy).
Freeing workers from this system by bringing purchasing power in line with production became the basis of Douglas's reform ideas that became known as Social Credit.
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C. H. Douglas - Wikipedia, the free encyclopedia
