Public Banking

A major lifeline (with Big Hair!):

publicbank

The answers aren’t very complicated, friends.  They’re merely ignored and undemanded.

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nerculesMartinMichael DawsonMarla Singer Recent comment authors

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Marla Singer
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Marla Singer

It is fascinating to contemplate how easily – in principle – society can change literally overnight, and literally with the stroke of a pen. And public banking is one of the easiest things to imagine – I have not seen the book, but I imagine it makes a case for the government to take over the money creation process, which is what lending basically is. With this one change, you can eliminate the vast concentrations of private power, eliminate poverty, and still preserve some incentives for those with entrepreneurial inclinations (I’m not one of them). Alas, it is all “in… Read more »

Martin
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Martin

Leftsters are always peddling these get-rich-long fantasia quackeries – single payer, this “public” banking didgeridoo, no Bombathon in Syria as evidence of the peace movement’s command, direct democracy, Naderite lawsuits, Finland as education’s Valhalla, all either – unrealizable except in tiny outposts, or – completely left behind decades ago by the marauding corporate mafia. Remember, the scoreboard is always in plain view – the Supersystem ahead by a gazillion touchdowns. The Occupado movement begged to differ, and in its death is the wake of more Hopey-Changey, extremely suspect “former” Establishment types to power-point the way, via endless lectures and books,… Read more »

Martin
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Martin

Well, yes, this game of social betterment is indeed lost forever. Given the thermodynamics of entropy, how could it be otherwise? Complex organisms beget complex social structures which perpetuate the destruction of the conditions that are needed as the natural supply of energy. Or something like that. Choose your own scientific metaphor wisely. The leftist ideal of progressive change is certainly not the institutional reality we encounter. The action’s ehadingthe other way. Bank of North Dakota? – Great, if you are one the five people that live in North Dakota. Citibank? JP Morgan House-Price-Sizzlers? Not so good. Well-armed. Capable of… Read more »

nercules
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nercules

Martin, you appear to have some wit, intelligence and literary talent. You might turn your talents to writing something like: ‘The Triumph of Rational Capitulation’.