Reforming the Financial System
The financial sector has written its own rules in recent years. If it were up to us, what rules would we write? Can we keep the "free market" as a working hypothesis, and regulate it so that it works for ordinary citizens and not just a few wealthy financiers?
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Commonsense Regulations We Ought To Apply: “Beyond the greed economy,” by Matthew Rothschild in The Progressive - Vol. 73 No. 12, December 2009, Some obvious ideas, from re-applying the Glass Steagall Act to taxing speculative transactions to returning the coinage of money to the people. In spite of their obviousness, it will be hard to enact these changes. |
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How the Safety Net is Failing Americans and How to Fix it: "Battered by the Storm: A Study," by the Institute for Policy Studies, The Center for Community Change, Jobs with Justice, and Legal Momentum. December 2008. A look at our traditional safety nets and whether they still work. Suggestions for immediate steps to shore up the system, plus correctives for the underlying conditions. Go here. |
Restoring our Financial Sovereignty: A New Monetary System, by Nikki Alexander, March 19, 2009 Information Clearing House |
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Move Your Money: A New Year's Resolution, by Arianna Huffington and Rob Johnson. Posted Dec 29, 2009 on the Huffington Post An easy, do-it-yourself approach to reining in big banks.
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Green Returns: Taxing Pollution - Not Your Income, by Lester Brown, TPM Reader Blog, April 13, 2006 The Europeans are already shifting over to this new kind of taxation. Fuel use is down, and renewable energy is up.
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The Many Lives of the Tobin Tax, by Julio Godoy* Credit: IPS/TerraViva The Tobin Tax has the potential to cut down on speculation and create a fund for more beneficial activities.
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Regulatory Capture: How Real Health Reform Was Killed by Politicians Trying to Look 'Moderate' By James Ridgeway, CounterPunch. Posted December 23, 2009.
Regulation is one of the standard remedies recommended for the ills of capitalism. This article discusses regulatory capture, one of the reasons regulation fails to work. It is pertinent for environmental, financial, and many other forms of governmental regulation. |
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