The capitalist economic model is one of wealth extraction from communities to consolidate riches at the top. As an antidote, many communities are building alternatives to this model – models called economic democracy, the solidarity economy and ‘buen vivir’ (good living). We begin with Michael Johnson who is actively building the alternative economy in the Northeast to talk about what the alternative looks like and how communities are making it a reality. Johnson is currently on a book tour. Then we speak with Ellen Brown of the Public Banking Institute. Ellen has been following and writing about the fragility of the global financial system. Her most recent article concerns an extreme step being taken by central banks in the European Union of moving to a negative interest rate. This means that depositors would pay banks to hold their money. Ellen will describe who is the most impacted by this practice and who us most at risk in the next serious banking crisis.
Relevant articles and websites:
Michael Johnson born in the panhandle of Texas in 1942…Entered a Kansas monastery in ’63, left in ’66…became an ‘outside agitator’ at Columbia University in April of ’68…worked with the desegregation unit of the Austin public school system ’76-’80…co-founded the Ganas intentional community in Staten Island, NY in ’80 and still there…has been active in the co-operative and solidarity economic movements since 2007 through the Valley Alliance of Worker Co-operatives (VAWC), Grassroots Economic Organizing Collective (GEO), and SolidarityNYC…regular blogger, writer, and editor at GEO…currently working on two future books, Owning our Power and Building Transformative Cultures of Empowerment and Cooperation…email@example.com
Ellen Brown is the founder of the Public Banking Institute and the author of a dozen books and hundreds of articles. She developed her research skills as an attorney practicing civil litigation in Los Angeles. In the best-selling Web of Debt, she turned those skills to an analysis of the Federal Reserve and “the money trust.” She showed how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back.
In The Public Bank Solution, the 2013 sequel, she traces the evolution of two banking models that have competed historically, public and private; and explores contemporary public banking systems globally.
Brown developed an interest in the developing world and its problems while living abroad for eleven years in Kenya, Honduras, Guatemala and Nicaragua. She returned to practicing law when she was asked to join the legal team of a popular Tijuana healer with an innovative cancer therapy, who was targeted by the chemotherapy industry in the 1990s. That experience produced her book Forbidden Medicine, which traces the suppression of natural health treatments to the same corrupting influences that have captured the money system. She also co-authored the bestselling Nature’s Pharmacy, which has sold 285,000 copies.
Ellen ran for California State Treasurer in 2014 with the endorsement of the Green Party garnering a record number of votes for a Green Party candidate. Her blog and articles are at http://EllenBrown.com. The Public Banking Institute is at http://PublicBankingInstitute.org.