Photo by Kurt Christensen courtesy Sharable.
Shareable filmmaker and podcaster Robert Raymond talks with PBI Chair Ellen Brown about the contrast between the extractive Wall Street banking system and a publicly-owned alternative, and the path forward for the public banking movement.
Raymond asks: “How should the movement evolve to be successful?”
“Massive unrest and revolutionary fervor are happening globally, but activist groups tend to be limited to their own circumscribed silos. If we could manage to bring all those groups together under one umbrella, we could be a seriously effective force. Public banking advocates feel that public banking could be such a unifying force.”
“My own sense, though, is that to make significant headway, we really need to get the federal government and the Federal Reserve involved. … We need to do as China does, and support our local public banks with the deep pocket of the central bank.”