Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Sunday, August 28, 2011

Should Banks Be Public Utilities?

Yes! This alone will not be sufficient to save capitalism, let alone create a more democratic economic system, but there is no hope as long as the supply of money and credit is in the hands of private individuals who seek to profit from their issuance.