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Democratizing Finance: Restructuring Credit to Transform Society (The Real Utopias Project)

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Democratizing finance is the means by which we can democratize our economy

What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that the majority of people would prioritize?

Democratizing Finance includes six responses that seek to amend, elaborate, and challenge the arguments developed by Hockett and Block. Some of the core arguments put forward by other contributors include calls for the rapid elimination of private financial entities, the dilemmas of the politics associated with financial reforms, and the fate of parallel proposals advanced in the US in the 1930s.

Συγγραφείς: Block Fred, Hockett Robert
Εκδότης: VERSO
Σελίδες: 336
ISBN: 9781839762673
Εξώφυλλο: Μαλακό Εξώφυλλο
Αριθμός Έκδοσης: 1
Έτος έκδοσης: 2022

Fred Block is professor emeritus of sociology at the University of California, Davis where he teaches economic and political sociology and leads the Center for Engaged Scholarship. Block is the author of many books and articles, including Capitalism: The Future of An Illusion.

Robert C. Hockett is Edward Cornell Professor of Law and Finance at Cornell University; a Visiting Professor of Finance at Georgetown University’s McDonough School of Business; and Senior Counsel at Westwood Capital, LLC. He is a regular advisor and legislative draftsman for Senators Bernie Sanders, Elizabeth Warren, and Marco Rubio, as well as for Representatives Alexandria Ocasio-Cortez and Ro Khanna. Previously, he worked for the Federal Reserve Bank of New York and the International Monetary Fund, and clerked for the Chief Judge of the US Court of Appeals for the 10th Circuit.

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