Social Credit

American  

noun

Economics.

1. the doctrine that under capitalism there is an inadequate distribution of purchasing power, for which the remedy lies in governmental control of retail prices and the distribution of national dividends to consumers.

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Social Credit British  

noun

1. (esp in Canada) a right-wing Populist political party, movement, or doctrine based on the socioeconomic theories of Major C. H. Douglas

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Other Word Forms

• Social Crediter noun

Example Sentences

There are also examples like China’s social credit system, which claims to assess financial and “social” creditworthiness.

From Slate

That has been accompanied by tighter control over some industries, more aggressive censorship of TV and pop culture and the spread of a “social credit” system that penalizes the public for offenses ranging from fraud to littering.

From Seattle Times

He said the nation’s facial recognition technologies, “social credit” program that tracks public statements, and other measures could be employed against dissenting believers.

From Washington Times

Its “social credit” initiative tracks the public and punishes infractions from fraud to littering.

From Seattle Times

“Trust is what we have in this business. If you don’t have good credit — social credit, references — you will not survive in this industry,” Auslander said.

From Los Angeles Times