Busting the Bankers' Club: Finance for the Rest of Us
Gerald Epstein discusses his latest book, and takes us beyond the "Bankers' Club," exploring how public institutions can challenge the dominance of private banks.
About the Book
www.ucpress.edu/book/97805203...
An eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform.
Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system-and the struggle to create an alternative.
Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy.
Пікірлер: 24
Finally, looking forward to this one.
You should also interview The Fall and Rise of American Finance: from J.P. Morgan to Blackrock
Enlightening
well the truth comes out...
Sharing will save the world.
Would invite you to examine Canada, because the situation doesn't appear as dire. Find out the 'why?'
I am livestock
Privatize Deposit Insurance fully. Banks will police their peers better than bureaucrats if they share in the losses beyond what fdic does
He misses the fact that the Banks own and control the Federal Reserve Bank, which is a private institution.
@dannywindham3295
4 ай бұрын
The federal reserve is an agency of the US government spoken into existence by Congress during the federal reserve act. Stop acting like a child.
@Grumbo991
4 ай бұрын
@@dannywindham3295relax sweetheart
@4040tee
3 ай бұрын
There is the written definition, then there is history. You dont seem much of a reader though.
@dannywindham3295
3 ай бұрын
@@4040tee The Federal Reserve is an agency of the US government spoken into existence by Congress during the Federal Reserve act, you idiot. It was by an act of congress that Created the federal reserve
Professor stephanie kelton is helping to bust a lot of myths. Read the deficit myth
@tuberific454
4 ай бұрын
He calls it a club, which it is, but I think cult is a better term. He says CEOs have a material motive like finanacialization. But there is also an intangible part. So-called "free markets" are an ideology, one that invokes liberty as a moral argument for privatization, and which regards public ownership as incompatible with democracy. Like all cults, it leans on revisionist history and confirmation biases such as through a reframing of the Great Depression, the 2008 Crisis, and the impact of the TCJA of 2017. Case in point is that while the independence of scotus justices is certainly compromised by lavish gifts, there is also the psychosocial impact of inclusion in peer networks that are diametrically opposed to anything egalitarian.
@dannywindham3295
4 ай бұрын
@@tuberific454 Very, very well said.
iNet there is nothing new about socialism
@cosmicblaze1608
4 ай бұрын
Socialism for the rich. Capitalism for everybody else.
@sampellettieri5823
4 ай бұрын
@@cosmicblaze1608 let's not confuse corpotocracy with capitalism
@cosmicblaze1608
4 ай бұрын
@@sampellettieri5823 you're right there!