The following is taken from Geoffrey Dobbs’ “What is Social Credit”: 
“Social Credit is a name given to a certain movement of the mind and spirit (not an organisation) which stems originally from the mind and writings of a man of great insight and genius, the late Clifford Hugh Douglas.  Its aim is to ‘bind back to reality’ or ‘express in practical terms’ in the current world, especially the world of politics and economics, those beliefs about the nature of God and man and the Universe, which constitute the Christian Faith, as delivered to us from our forefathers, and NOT as altered and perverted to suit current politics or economics, which stem from a non-Christian source.

If we define ‘religion’ as that fundamental belief about the nature of things which determines and directs a man’s life and behaviour (his life- policy so to speak), in such cases it is the ‘ideology’, whether of Left or Right or Centre, of this Party or of that, which is the man’s actual religion; his Christianity is a secondary matter, a mere opinion which he favours but does not ‘bind back‘ (re-ligare) to the real world.

It was Douglas who wrote: “Christianity is either something inherent in the very warp and woof of the Universe, or it is just a set of interesting opinions.” To those who ‘adapt’ the Faith to fit their politics or their economics, it is clearly the latter.

There is all the difference in the World between changing Christianity to fit the ‘realities’ of an artificial and man-made World, and changing the World to fit the ultimate reality of the Kingdom of God. Social crediters attempt the latter. They sometimes stray from the way…

The social credit
One of its gifts to the human mind and at least the English language is the term: the social credit (without Caps.) which is the name of something which exists in all societies but which never had a name before because it was taken for granted. We become aware of it only as we lose it.

‘Credit‘ is another word for ‘faith‘ or ‘confidence’, so we can also call it the Faith or Confidence which binds any society together - the mutual trust or belief in each other without which fear is substituted for trust as the ‘cement’ of society. Law and order is a part of it, but only a small part. King Alfred, called The Great, claimed that in his Kingdom of Wessex any woman or child could walk the length and breadth of it without fear of harm, although under the pagan Danes rape, murder and robbery were the common places of the times. But under Alfred Wessex was a Christian Kingdom, and though no society can exist without some social credit, it is at its maximum where the Christian religion is practised, and at its minimum where it is denied and derided.

The social credit is thus a result, or practical expression, of real Christianity in Society, one of its most recognisable fruits; and it is the aim and policy of social crediters to increase it, and to strive to prevent its decrease. There are innumerable commonplace examples of it which we take for granted every day of our lives:

How can we live in any sort of peace or comfort if we cannot trust our neighbours?
How could we use the roads if we could not trust others to observe the rule of the road? (And what happens when they don’t!)
What would be the use of growing anything in gardens, farms or nurseries if other people would grab it?
How could any economic activity go forward - whether producing, selling or buying - if people cannot, in general, rely upon honesty and fair dealing?
And what happens when the concept of the Christian marriage, and the Christian family and upbringing, is abandoned?

We see, do we not? - that Christianity is something real with desperately vital practical consequences, and by no means a mere set of opinions which are ‘optional’ for those to whom they happen to appeal.

Of course, social crediters are not the only people who are trying to promote the social credit. Most decent, sane people instinctively do so, including many God-fearing people of other religions, and even some atheists who were brought up in Christian homes and are living on the moral capital of their parents or teachers. But social crediters are the only people who are consciously engaged in it, and know where they are going, so that they can point the way to those who are unconscious. There could be no hope for us all if the vast majority of people did not unconsciously share in, and seek to promote, the social credit.

Social Discredit, Conscious and Unconscious
Just as there are social crediters, conscious and unconscious, trying to build up the social credit, so there are others social discrediters trying to destroy it and break it down, at present, with all too much success. The conscious ones include the communists and other revolutionaries, who quite openly seek to smash all the links of trust and confidence which enable our society to function until the Day of the Revolution dawns - the Day when all the services which support us break down, and chaos, misery, poverty, hunger and terror take over, and the rule of the most ruthless, violent and cunning can be established, and if necessary, maintained by ‘continuous revolution’.

But it is the unconscious social-discrediters who are responsible, in the West, for the present success of the conscious ones. Among these are many who operate the mass ‘media’ and the education system, who would deny that they were Marxists or atheists (though there are plenty who wouldn’t), whose language is often moralistic, or even ‘Christian’ but whose practice and policy are destructive of the social credit.

All the mass media subject us to a continuous stream of selective reports of acts or words of social discredit: murders, rapes, thefts, violence to persons and property, sadism, sexual perversion, kidnapping, blackmail, bad faith, corruption, quarrels, offensiveness, callousness, blunders, and endless political diatribe and chicanery, which we know is having a cumulative effect, notably on the young who are without defence against it, especially as its effect is too often reinforced in school…”