Yes Jim. Looking at it as the Distributist theory of Social Credit being the third alternative to both capitalism and socialism is both a more precise distinction and also a more reflective reminder of the reality of Trinitarianism as well. Considering that the Canadian Catholic order of St. Michael is an advocate of Social Credit and the Trinity being an established belief of the church, why they don’t come out and advocate Social Credit as the official policy of the church…is curious to me. As you say it is probably the intellectual and cultural contagion of socialist thinking. I would say that Social Credit is indeed a socialization of the money system…but without the mistaken re-distributive aspects of socialism. Social Credit is an integration…only of truths and none of the fallacies of economic theory.

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So Social Credit is fait accompli the policy of the church. I’ll settle for that. And I was happy to be educated about the (in my opinion mistaken) viewpoints of Belloc and Chesterton regarding Social Credit. These were probably the most intelligent men of their generations, but culture and change can obscure even the brightest of minds. I believe it was Oliver who sent me that blog post from socred.org. Much appreciated as always. I would say that capitalism is actually far more concerned with power and control than even profit and hence even reformed is beyond the pale. Wally once posted to something I wrote that current economic theory was consistent only with the will to power and that Social Credit’s policy was instead the will to individual freedom. Its so nice to learn true distinctions.