Continuing the discussion of bank transfer and the hate of big (as opposed to small) business in this radio interview with Sasha Lilley and Doug Henwood, here.
A description of the talk: Moving your money out of the big banks that have helped create the deepest economic crisis since the Great Depression may seem like an excellent idea. But leftwing journalist Doug Henwood believes such actions--along with community currencies and attempts to abolish corporate personhood--are misguided. Henwood discusses the long, and problematic, history of American populism, and what a radical approach to finance might look like.
Also discussed is "End the Fed" fetishes, populism both left and right, a sort-kinda defense of Bernanke (as the best actor in this miserable opera), Marx on the creation of the corporation (and its need of being socialized), and more fun stuff.
Interesting and worth a listen. His discussion on the need for "scope and scale" with regard to the existence of corporations chastises me.