The Solomon Islands Social Credit Party ("Socreds") is a political party in the

Solomon Islands Solomon Islands is an island country consisting of six major islands and over 900 smaller islands in Oceania, to the east of Papua New Guinea and north-west of Vanuatu. It has a land area of , and a population of approx. 700,000. Its capita ...

that espouses

social credit Social credit is a distributive philosophy of political economy developed by C. H. Douglas. Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them. To combat what he ...

theories of

monetary reform Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: * A return t ...

. It is led by

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Manasseh Sogavare Manasseh Damukana Sogavare (born 17 January 1955) is the sixth and current Prime Minister of the Solomon Islands, serving since 24 April 2019. He previously held the office in 2000–2001, 2006—2007 and 2014–2017; in all he has served over ni ...

, previously leader of the People's Progressive Party and the former

Member of Parliament A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with bicameral parliaments, this term refers only to members of the lower house since upper house members of ...

for East Choiseul. The party was launched in July 2005. It is a member of a four-party coalition, the

Solomon Islands Alliance for Change The Solomon Islands Alliance for Change is a political alliance in Solomon Islands, led by the Solomon Islands Liberal Party, which was headed by Bartholomew Ulufa'alu until his death in May 2007. The SIAC includes the National Party, the Solomo ...

, which includes the National Party,

Solomon Islands Liberal Party The Solomon Islands Liberal Party (SILP) was a political party in the Solomon Islands. History The party was established as the Nationalist Party in 1975, before becoming the National Democratic Party (NADEPA).Haruhiro Fukui (1985) ''Political pa ...

, and the

Solomon Islands Party for Rural Advancement The Solomon Islands Party for Rural Advancement (SIPRA) is a political party in the Solomon Islands. At the legislative elections An election is a formal group decision-making process by which a population chooses an individual or mult ...

, and groups of independents from Honiara, Malaita and Guadalcanal. The Solomon Islands Social Credit Party traces its origins to the New Zealand Social Credit Party and one of its leaders,

Bruce Beetham Bruce Craig Beetham (16 February 1936 – 3 May 1997) was an academic and politician from New Zealand, whose career spanned the 1970s and early 1980s. A lecturer at Hamilton's University of Waikato and at the Hamilton Teachers' Training Colle ...

, who hosted a Solomon Islands student in his home. That student,

Solomon Mamaloni Solomon Sunaone Mamaloni (23 January 1943 – 11 January 2000) was a Solomon Islands politician. He was the first Chief Minister of the islands, and later served as Prime Minister for three spells in the 1980s and 1990s. Biography Mamaloni was ...

, later became prime minister of the Solomon Islands. The party, running candidates for the first time, contested 29 constituencies in the April 5, 2006

national election A general election is a political voting election where generally all or most members of a given political body are chosen. These are usually held for a nation, state, or territory's primary legislative body, and are different from by-elections ( ...

. The party won 4.3% of the vote and 2 seats. The party opposes foreign control of the economy, and advocates a full monetary and financial reform in line with the ideology of social credit. It believes that the islands' poverty can only be addressed through social credit monetary reform.

References

External links

Australian Broadcasting Corporation interview with Manasseh Sogavare
{{Authority control Political parties in the Solomon Islands Social credit parties *Main Political parties established in 2005 2005 establishments in the Solomon Islands

See also

References

External links