Looking back, we can observe that the triumph of the MoC, thanks in no small part to the role played by the Socialists (often unwittingly), has enabled it to turn the three revolutions to its advantage - at the expense of the common man. The Mechanical Revolution, the Electrical Revolution and the French Revolution were meant to liberate man from toil and tyranny: instead, they have led to his further subjugation through wage-slavery, debt-slavery and rising taxation. It is more than a little tragic that the sincere studies, serious struggles and severe sacrifices of countless radicals, revolutionaries and other activists who strove for a better world in the name of Socialism should have led to this outcome - the tightening of the invisible chains that bind mankind.
The very first Social Credit work of Major Douglas - The Delusion of Super-Production was published in 'The New Age', thanks to A. R. Orage, who, prior to encountering Douglas, had been a guild socialist. Thus, Social Credit may be said to have emerged on the left side of the political spectrum, (though of course the philosophy of Social Credit transcends left and right, and Douglas himself was a conservative, albeit an unorthodox one.)