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Democratizing Finance - Restructuring Credit to Transform Society (Paperback)
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Democratizing Finance - Restructuring Credit to Transform Society (Paperback)
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What if our financial system were organized to the benefit of the
many rather than simply empowering the few? Robert Hockett and Fred
Block argue that an entirely different financial system is both
desirable and possible. They outline concrete steps that could get
us there. Financial systems move the worlds savings from investment
to investment, chasing the highest rates of return. They run on
profit. But what if investment went to the enterprises or
institutions that provided things that the majority of people would
prioritize? Democratizing Finance includes six responses that seek
to amend, elaborate, and challenge the arguments developed by
Hockett and Block. Some of the core arguments put forward by other
contributors include calls for the rapid elimination of private
financial entities, the dilemmas of the politics associated with
financial reforms, and the fate of parallel proposals advanced in
the US in the 1930s.
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