Do most anarchists think mutual credit is sufficient to abolish capitalism?
The short answer is no, they do not. While the Individualist Anarchists and Mutualists (followers of Proudhon) do think that mutual banking is the only sure way of abolishing capitalism, most anarchists do not see mutualism as an end in itself. Few think that capitalism can be reformed away in the manner assumed by Proudhon. Increased access to credit does not address the relations of production and market power which exist within the economy and so any move for financial transformation has to be part of a broader attack on all forms of capitalist social power in order to be both useful and effective (see section B.3.2 for more anarchist views on mutual credit and its uses). So, for most anarchists, it is only in combination with other forms of working class self-activity and self-management that mutualist institutions could play an important role in the class struggle. By creating a network of mutual banks to aid in creating co-operatives, union organising drives, supporting strikes (
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