Socialising banking

Michael Roberts Blog

I’ve just returned from visiting Slovenia where I was invited to deliver a lecture on Socialising banking for the Institute of Labour Studies in Ljubljana and also to participate in a seminar with others, including economists from Die Linke, the German left party and Syriza from Greece on the role of banking and debt in the current capitalist crisis and Mick Brooks, the joint author with me of the UK’s Fire Brigade Union pamphlet on the banks (see s-time-to-take-over-the-BanksLR.pdf).

My paper for the lecture is here (Presentation on banking in Slovenia 140314) It has a simple message: that banking in a modern monetary economy should be a public service for the people, whether they work for an employer or run a small business.  This aim can only be achieved through nothing less than full public ownership of the major banks, which must be democratically accountable and controlled by…

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