Social Credit

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.

Social Credit

noun

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

Derived Forms

• Social Crediter, noun

Example Sentences

He talked about the “biomedical security regime,” ballot harvesting, social credit scores and FICA, but said almost nothing about his family.

From New York Times

“No ESG in the pension, no social credit scores, and no woke banking to discriminate against conservatives, not in the state of Florida.”

From Washington Times

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

From Slate

Recent changes include increased national control over the "Party Life" mechanism, a form of social credit system that evaluates citizens' loyalty.

From Reuters

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