C. H. Douglas

C. H. Douglas was a British engineer and economist best known for founding Social Credit, a movement advocating for economic reforms to ensure everyone has enough purchasing power to buy goods and services produced. His theory suggests that wealth creation through production often outpaces people's ability to buy these goods, leading to economic imbalance. Douglas proposed redistributing income and adjusting credit systems so that consumers can afford what is produced, promoting economic stability and fairness. His ideas aimed to address unemployment, poverty, and business cycles by aligning income with productive capacity through monetary reform.