Ellen Brown: A publicly-owned bank could help Scotland take control of its own economic destiny, by avoiding unnecessary debt to a private banking system that has become a burden to the economy rather than a pillar in its support.
JP Morgan’s $2 Billion Case for Breaking Up Big Banks
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Robert Reich: Let’s also stop hoping Wall Street will mend itself. What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be.
California Legislature Passes Bill to Study State-Owned Bank
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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.
North Dakota’s Economic “Miracle”—It’s Not Oil
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Ellen Brown: North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008.
No Goldman at the End of the Rainbow?
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Michael Sigman: Marxist socialism may be dead, but perhaps what Marx called capital’s internal contradictions, illustrated beautifully by the desperation of Goldman and other mega-corporations for short-term profits may, by strengthening the case for fundamental financial reform, bring us closer to a more livable world.
Creating a Quality Economy, Part 2
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By Mark Pash, with Brad Parker – Capitalism does significantly raise the standard of living but not for all and not enough for many. Therefore, it is up to government to take a more active role in the economy in order to overcome these flaws with as little hindrance as possible. In other words, one [...]
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