In What Then Must We Do?, political economy professor Gar Alperovitz slowly and deliberately nudges readers off the traditional course of political activism assumed to bring about progressive change – elections, legislative fights, protest actions, firing the twin engines of grassroots Democratic groups and organized labor – arguing that these methods have failed. He finds readers at that moment of despair, when the best efforts we’ve known to create the space for change have failed. Indeed, he doesn’t believe that these efforts can reverse what is now a decades-long march of structural economic, environmental and political decline. “Absent major national shocks,” he writes, “the capacity for fundamental political change is limited in the American context.”
|By: David Dayen Sunday May 12, 2013 1:59 pm|
|By: David Dayen Wednesday November 9, 2011 8:15 am|
The Credit Union National Association, the leading trade group for credit unions, reports 40,000 new accounts on November 5. This is 24 times the normal rate of membership increases for the industry in 2010, and two times the rate of membership since September 29, after the major banks tried to increase fees for using debit cards.
|By: David Dayen Sunday November 6, 2011 4:00 pm|
This is what I did yesterday. I participated in Bank Transfer Day by opening an account at a local credit union. But I only put a trivial amount into the account, and will then wire my money over electronically from Bank of America after being assured that all charges have cleared on that account. I’ve been a BofA customer, through sheer inertia, since 1998. Business was pretty brisk at the credit union, and the bank manager said it’s been that way for the last month (we do know from statistics provided by the Credit Union National Association that credit unions have added 650,000 new members with $4.5 billion in deposits since September 29, when Bank of America announced their since-abandoned debit card fee). When I said I was transferring from BofA, the bank manager smiled knowingly.
|By: David Dayen Friday November 4, 2011 12:30 pm|
On September 29, Bank of America announced its now-defunct debit card fee. Since that time, according to the Credit Union National Association, 650,000 Americans have moved their money to credit unions. That’s more in a little over a month than in all of 2010 combined. And that’s just credit unions, it doesn’t count community banks. And it doesn’t count what will happen tomorrow, on Bank Transfer Day… I’m sorry, I mean Chase Pride Day.