Ellen Brown writes that public banking is the only way to finance the transition to a green economy. EcoJustice Radio’s Mark Morris speaks with Madeline Merritt, Core Organizer for Public Bank LA and Member of California Public Banking Alliance.
The economy of the United States is the world’s largest single national economy. We take a critical view on the level of economic freedom afforded to the private sector and the level of government regulation and involvement necessary to improve conditions for all of the people.
In honor of Labor Day and the continuing inequality in the U.S. economic system, Christopher Ketcham’s essay was published a Occupy Wall Street was taking off in 2011. The problem continues: money given out in Wall Street bonuses in 2014 was twice the amount all minimum-wage workers earned combined.
Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the “bail-in” template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.