The Public Bank Solution


Book Description

WHAT WALL STREET DOESN'T WANT YOU TO KNOW. Shock waves from one Wall Street scandal after another have completely disillusioned us with our banking system; yet we cannot do without banks. Nearly all money today is simply bank credit. Economies run on it, and it is created when banks make loans. The main flaw in the current model is that private profiteers have acquired control of the credit spigots. They can cut off the flow, direct it to their cronies, and manipulate it for personal gain at the expense of the producing economy. The benefits of bank credit can be maintained while eliminating these flaws, through a system of banks operated as public utilities, serving the public interest and returning their profits to the public. This book looks at the public bank alternative, and shows with examples from around the world and through history that it works admirably well, providing the key to sustained high performance for the economy and well-being for the people.




Money and Justice


Book Description

Money has always represented power. For Aristotle, this power was inseparable from the exercise of justice within a community. This is why issuance of money was the prerogative of the lawful authority (government). Such a view of monetary power was widespread, and includes societies as distant as China. Over the past several centuries, however, private interests increasingly tapped into the exercise of the money power. Through gradual shifts, commercial banks have gained a legally protected right to create money through issuance of debts. The aim of this book is to unravel various layers hiding the real workings of modern money and banking systems and injustices ingrained in them. By asking what money really is, who controls it and for what purpose (why), the book provides insight into understanding of modern money and banking systems, as well as the causes of growing financialization of economies throughout the world, money manias and economic instability. The book also increases the awareness of injustices hidden in the workings of modern money and banking systems and the need for moral underpinnings of such systems. Finally, it suggests a money system which could immensely improve human, economic, and ecological conditions.




An Anthropology of Money


Book Description

An Anthropology of Money: A Critical Introduction shows how our present monetary system was imposed by elites and how they benefit from it. The book poses the question: how, by looking at different forms of money, can we appreciate that they have different effects? The authors demonstrate how modern money requires perpetual growth, an increase in inequality, environmental devastation, increasing commoditization, and, consequently, the perpetual consumption of ever more stuff. These are not intrinsic features of money, but, rather, of debt-money. This text shows that, through studying money in other cultures, we can have money that better serves the broader goals of society.




The Citizens' Ledger


Book Description

This book is the first of its kind in several overlapping and rapidly developing fields that now dominate news headlines – among them the fields of crypto-currency, digital payments platforms, ‘fintech,’ and central bank digital currencies (‘CBDCs’). With crypto and fintech now threatening to transform finance in destabilizing and anti-democratic ways, and with China and other nations now digitizing their national currencies in the form of CBDCs that make the US dollar and national payments infrastructure look ever more quaint and outmoded, this book shows both why the US and other democratic commercial societies must, and how they can, democratically digitize their currencies, their national payments systems, and the authorities that respectively issue and administer them – in the US, the Federal Reserve System (‘the Fed’).




Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region


Book Description

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God and the Financial Crisis


Book Description

A fundamental belief in personal liberty and in the ability of free markets to realise the good lies at the heart of the neoliberal economic orthodoxy that has now shaped public policy for a generation. Confidence in orthodox economics has, however, been badly shaken by the financial crisis of 2008 and, in the years following, by the effects of the Great Recession. The era of casino banking was not only an era of de-industrialisation and under-employment, but also of iniquitous tax avoidance schemes, and of grotesquely inflated levels of social inequality. Such factors, we now realise, have reduced the life-prospects of millions of our fellow-citizens. This interdisciplinary volume of essays, with wide-ranging contributions by theologians and social scientists, explores the theological, economic, and moral implications of these developments. Its central claim is that neoliberalism’s failure to appreciate the limitations of its fiduciary commitments contributed massively to the economic crisis. A more honest appraisal of the relation between the language of belief and the sphere of economic behaviour is therefore required. This must also result in appropriate policy changes, to harness the power of the economy to serve a more generous vision of the human good.




From greed to wellbeing


Book Description

Despite our fitful attempts over decades at reform, the global financial system seems caught in cycles of boom and bust, instability, and scandal. In this timely new book, Joel Magnuson builds on the classic works of E. F. Schumacher and other kindred spirits to provide a Buddhist economics perspective on this recurring pattern, and offers new possibilities for real change. The book centers on the belief that greed, aggression, and delusion (Buddhism’s “three poisons”) are embedded within our financial institutions and that they perpetuate the continued widespread attachment to endless economic growth and financial accumulation that are responsible for social and ecological malaise. Arguing that mainstream economics fails to adequately address this cycle, Magnuson presents a new framework of Buddhist economics, helping readers gain a deeper understanding of current economic problems and offering a course toward genuine wellbeing.




Financing the Apocalypse


Book Description

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic speculation, unserviceable debt, and crises; and with each episode of instability, a trail of devastation follows. Economic historians such as Hyman Minsky, Charles Kindleberger and others have studied this history and have exposed certain boom-bust patterns that have a way of stubbornly repeating themselves. This book posits that the large-scale financial crises that the world has experienced over the last 30 years are more or less the latest segments in this narrative, but with some distinct characteristics. In the period spanning the stock market crash of 1987 to the banking crisis of 2008 and its aftermath – the Greenspan Era – there were key institutional and ideological developments rooted in contemporary neoliberalism that have reshaped the historic rise-and-fall patterns to become more severe and widespread. In this important volume, Magnuson suggests the next episode will be a massive financial cyclone that will send us all tumbling toward a perilous future.




Journey To The Future


Book Description

In this blockbuster novel, young protagonist Patrick Wu visits a future world - Vancouver in 2032 - brimming with innovation and hope, where the climate crisis is being tackled, the solar revolution is underway and a new cooperative economy is taking shape. Dauncey's "brilliant book shows solutions to the climate crisis that offer a future rich in opportunity and joy" - scientist and award-winning broadcaster David Suzuki. Scientists, activists and politicians are enthusiastic in advance praise for Guy Dauncey's ecotopian novel, Journey To The Future. From Elizabeth May, NDP MP Murray Rankin and UK Green Party leader Caroline Lucas, to activists Tzeporah Berman, Angela Bischoff and Bill McKibben, and scientists David Suzuki, Andrew Weaver and Elisabet Sahtouris, the endorsements for Guy Dauncey's new book are united: Journey To The Future is a gamechanger that must be widely read. In this blockbuster novel, young protagonist Patrick Wu visits a future world - Vancouver in 2032 - brimming with innovation and hope, where the climate crisis is being tackled, the solar revolution is underway and a new cooperative economy is taking shape. But enormous danger still lurks. David R. Boyd, co-chair of Vancouver's Greenest City initiative, says Journey To The Future is "an imaginative tour de force, blending science, philosophy and fiction into a delightful story about how we can and must change the world." About the author, Guy Dauncey Guy Dauncey is a futurist who works to develop a positive vision of a sustainable future and to translate that vision into action. He is founder of the BC Sustainable Energy Association, and the author or co-author of ten books, including the award-winning Cancer: 101 Solutions to a Preventable Epidemic and The Climate Challenge: 101 Solutions to Global Warming. He is an Honorary Member of the Planning Institute of BC, a Fellow of the Findhorn Foundation in Scotland, and a powerful motivational speaker.




Bank Robbery


Book Description

A clear and comprehensive examination of our financial system which supports unaccountable and destructive power. It points the way to the simple reforms that are necessary if we wish to create a more just and equitable world.