Because it’s not tied down to the special interests of either party. In theory it is socialistic in the much older sense of socialism before Marxist-Leninism (think Mutualism and Syndicalism) but in practice it works within existing economies that are capitalistic. What makes it socialistic is the fact that the money doesn’t wind up in the hands of the few with respect to the financial sector. It’s a small wonder that credit unions haven’t been vilified yet considering most are owned by their account holders.
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