New Zealand Democratic Party for Social Credit

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About New Zealand Democratic Party for Social Credit

The New Zealand Democratic Party for Social Credit (formerly the New Zealand Democratic Party and New Zealand Social Credit Party) is a small leftist political party in New Zealand. It is based around the ideas of Social Credit, an economic theory which also attracted some degree of support in Canada and Australia. The party does not currently hold any seats in parliament, although it has previously held two. Democratic Party members also held seats when the party was part of the Alliance. The party was formerly known as the Social Credit Party, and was for many years the largest minor party in New Zealand politics. The party's economic policy is still based on Social Credit theories, while in social matters, the party takes a position similar to progressive liberal parties elsewhere. The Democratic Party describes its foremost goal as being the recovery of "economic sovereignty". This will be accomplished, the party says, by "the reform of the present monetary system, which is the major cause of war, poverty, inflation and many other social problems." The reforms promoted by the Democratic Party are based on the ideas of Social Credit. The party emphasises "economic democracy",

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