Social Credit Party of Australia
The Social Credit Party of Australia , also Douglas Credit Party of Australia , was an anti-Semitic party founded in Australia in the 1930s . It emerged from a political movement of the 1920s that was based on the theory of the social credits of the monetary system and gained political importance during the time of the Great Depression. The names of their Australian successor parties no longer refer to the theory of social credits .
ideology
The theory of social credit hypothesizes that the total cost of all goods produced is not offset by a sufficient amount of money. As a result, citizens and the state are in debt, and entrepreneurs have to borrow money from the banks to refinance themselves. The entrepreneurs would have to sell their products below the manufacturing costs and thus get bankrupt. Economic systems got into payment crises and states waged trade wars among themselves, the losers of which would have to take on debts. Some states financed wars for other states through arms sales, which in turn would affect the money supply in their own country. Building on these ideas and through the experience of major economic crises, the Scottish engineer Clifford Hugh Douglas described the money and credit system as part of a " Jewish world conspiracy " and called for the abolition of private banks and supranational banking systems. Instead, a “national people's bank” should be created that sets prices, grants loans and sets interest rates.
Political development
In Queensland and Tasmania , the Social Credit Party ran in elections in 1934 and 1935, but did not win a seat. After these electoral defeats, members of the Social Credit Party joined other parties, in particular the Australian Labor Party (ALP). However, the ideas of the Social Credit were not reflected in the concrete policies of the Australian governments of the Labor Party .
In 1946, Eric Butler founded the Australian League of Rights (ALOR) (German: Australian League of Right ) as a political movement whose ideological foundations are based on the theory of social credits . In 1960 this political movement turned into a party and ran with three of its candidates for the Senate election of New South Wales in 1961. These were able to unite 15,000 votes, but won no seat. Another candidacy of nine members in 1963 failed.
In the early 1970s, the ALOR attempted to take control of the far-right National Party of Australia and smuggled its members into that party in sufficient numbers - a tactic known as entryism . This prevented the chairman of the National Party of Australia Doug Anthony . Nonetheless, members of the Australian League of Rights party who supported the theory of social credits ran for elections in Queensland , South Australia and New South Wales in 1970 , albeit unsuccessfully.
In the late nineties, the right-wing populist propagated One Nation Party of Pauline Hanson , the idea of Social Credit and the establishment of a National Credit Authority , a "National People's Bank". Butler then accused them of copying his party's agenda.
Individual evidence
- ↑ mondopolitico.com : "Social Credit" of Major Clifford Hugh Douglas (English), accessed 26 March 2011
- ↑ utas.edu.au : Tasmanian History. Douglas (Social) Credit, accessed March 26, 2011
- ↑ joeinvestoronline.com ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. : Douglas Credit Party Multimedia Information, accessed April 2, 2011
