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How did our financial system become so undemocratic?

How did our financial system become so undemocratic?
Our financial destiny does not have to be governed solely by the interests of Wall Street. As we limp from crisis to crisis spurred on by the logic of “high risk, high reward” and the technocratic jargon of modern portfolio theory, it would serve us well to remember that, in addition to ... Read more

The People’s Bank

The People’s Bank
To many Americans, of course, the idea that state governments should be running banks—that they can run them better—is anti-capitalist blasphemy. But in conservative North Dakota, the bank is so well established and popular that former U.S. Senator Kent Conrad, who’s 64, says he can’t remember a time when anyone seriously ... Read more

The Final Days of Coal

By Lester Brown Earth Policy, June 28, 2011 During the years when governments and the media were focused on preparations for the 2009 Copenhagen climate negotiations, a powerful climate movement was emerging in the United States: the movement opposing the construction of new coal-fired power plants. Environmental groups, ... Read more