The Socialist Program: Cutthroat Bankers' New Scheme: Why Banks Are Suddenly Closing Accounts

In this episode, Professor Richard Wolff and Brian Becker discuss sudden US bank account closures, revealing the profit-driven complexities within the banking system. They explore risk strategies tied to rising interest rates and tighter regulations, highlighting potential economic instability. Comparing the US profit-centric banking with the community-focused approach seen in public banking models in certain European countries and North Dakota, the episode proposes public banking as an alternative solution to prioritize community welfare over profit.

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  • Richard Wolff
    published this page in Updates 2023-11-08 10:45:52 -0500