In the latest It’s Our Money podcast, PBI Chair Ellen Brown and Walt McRee talk with The Democracy Collaborative’s Ted Howard and Bank of North Dakota historian Mike Jacobs. Walt introduces the episode:
Making a Democratic Economy
The remarkable financial successes of the American economy have been mostly bestowed on a small percentage of our populace while a growing proportion of citizens face increasing financial hardships. That’s because our economy is controlled by powerful special interests. After 40 years of this trend, it’s clear we need to democratize the power that shapes our economy. Illustrating that case, The Democracy Collaborative’s Ted Howard discusses their new book The Making of a Democratic Economy, while guest commentator Mike Jacobs, historian for the Bank of North Dakota’s centennial celebration, provides a look back at how the citizens of North Dakota, faced with similar conditions, succeeded in turning their economy around 100 years ago in a deeply conservative state.