Finance Capital Isn’t Always Fictitious: The Case For Public Banking
/
Capitalist News Interpreted /
31 Oct 2017
In his book Limits to Capital, David Harvey points out what the positive side of banks are: to use the surplus a community has saved; to fund projects for groups that have good ideas but do not have the capital to start their project. In the era of finance capital, the only banks left that do this at all are community banks. But as this article explains, community banks are in trouble and are in danger of being swallowed up by larger banks. Public banks could provide cover for community banks.
Read in Global Research
Image from Occupy SF
About The Author
Barbara
Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.