FDL Book Salon Welcomes Ellen Brown, The Public Bank Solution: From Austerity to Prosperity

By: Saturday September 14, 2013 1:59 pm

Here’s the core of her argument. Because banks create most of our money, they control the very essence of the economy. To regain control of our economic well-being we need public banks that make investments in the public goods, services and jobs that we all need. Public banks can do all that without running up the national debt or raising taxes. Public banks, like private banks, fund investments. But, as Ellen writes:

“The difference is that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons it into private accounts, progressively drawing money out of the productive economy.”

 

FDL Book Salon Welcomes Gar Alperovitz, What Then Must We Do?: Straight Talk About the Next American Revolution

By: Sunday May 12, 2013 1:59 pm

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.”

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