SOCIAL CREDIT ATTITUDE
The following official statement of the movement's attitude regarding the proposed nationalisation of the Bank of New Zealand has been issued by the ~m, Zealand Social Credit Movement: The movement stands for freedom of .the individual and private enterprise." Thes'Ctwo.beliefs are inherent m democracy. The following statement of Major Douglas will perhaps be sufficient to clarify our attitude regarding the proposed nationalisation of the Bank of New Zealand:
. Personally I do not think that the nationalisation of banks is either necessary or wholly desirable. Unless done with' great care, it would tend to ensconce m the bureaucracy of the nation something which is already tremendously strong and which under tnese conditions would appear to*, be wholly impregnable. I think it would be absolutely suicidal to nationalise the existing financial system If it were rncpMorated in the governmental system without change I see no earthly power which could reform it successfully without a military revolution'"
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https://paperspast.natlib.govt.nz/newspapers/EP19441128.2.73
Bibliographic details
Evening Post, Volume CXXXVIII, Issue 129, 28 November 1944, Page 6
Word Count
157SOCIAL CREDIT ATTITUDE Evening Post, Volume CXXXVIII, Issue 129, 28 November 1944, Page 6
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