Beginnings of a New, Powerful Coalition Set to Take on Wall Street

My preamble tonight will be brief so I can get this information to my readers. It is unusual in our time to hear references to the populists of the 1880s and '90s. The article linked here not only contains such references, but shows how a new partnership among workers, political activists, and social reformers is taking shape with the goal of reforming Wall Street in a major way.

I disagree that anything like a Wall Street group is necessary for the proper functioning of an economy in a democracy. My thesis is Wall Street is so corrupt, there is no saving that system. We need a new, progressive, democratically- controlled financial system, featuring something like a national bank (with relatively small, private banks allowed), abolition of the privatized Federal Reserve, and a return to money controlled by Congress, with mechanics maintained by a cadre of professionals.

But this article is a start. Let us be about the task of beginning this new journey.



http://www.truthout.org/a-new-blueprint-taking-wall-street59043