Forum Post: Would social credit create a just economic system?
Posted 11 years ago on Nov. 1, 2011, 7:12 p.m. EST by Butters
This content is user submitted and not an official statement
I have been doing some reading about this system (http://en.wikipedia.org/wiki/Social_Credit). I can't say fully understand the economic ramifications and would love to hear from anyone with more knowledge in the area.
From what I do understand it seems like a balance between the need for private run industry and the needs of all citizens in a country to be satisfied.
Never heard of it before, but it seems to rely heavily on caveat emptor and an informed and socially conscious population. It requires people to frequently and constantly boycott and buycott; bust up monopolies and despots, and believe in the status quo.
If such an economic policy were implemented, it might create such a citizenry.