Shaw was heavily influenced by Henry George, an American writer active in the 1880s and popular in England ... Among [his] main focuses ... was to promote the "social credit ideas of British engineer CH Douglas. Douglas' cause was taken up and popularized by writers from Shaw to Ezra Pound to Aleister Crowley, another frequent contributor. The Social Credit program is frankly rather obtuse, and cloaked in gnostic Christian symbolism. Seeing purchasing power as the single greatest factor in economics, "social crediters" advocate the public distribution of credit to consume the increasing number of goods and services made possible by technology. – DeadeyeBlog
Dominant Social Theme: All these ideas are good ones.
Free-Market Analysis: This is a very interesting article that has been posted around the web but caught our attention because it frankly makes the case that both Georgism and Social Credit – now making a timid comeback – are facilities of Fabianism.
The Fabian Society believed that capitalism was the cause of an inefficient and unjust society, and Fabians wanted to focus and help society move to a socialist system as painlessly as possible. It was responsible for forming part of the foundation for the Labour Party, and today functions primarily as a think tank and is one of 15 socialist societies that are associated with the Labour Party. However, there is no doubt that of these, the Fabian Society is the most influential.
Almost singlehandedly, through its establishment not only of the Labour Party but also of the London School of Economics, the Fabian Society has played a major role in ruining most of Britain's republican institutions.
The Fabian Society's malevolence has spread far beyond Britain, however. Evidently and obviously affiliated with Western central banking families, the Fabian Society's impetus towards authoritarianism is well established now in education, media and politics.
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