If a historical marker is needed, we can go back to the Magna Carta to identify the beginning of a populist demand for fairness from oligarchic powers. In the recently completed public bank symposia on West and East Coasts, that call was renewed by participants who met with community leaders and elected officials to explore what needs to happen next to establish local and regional public banks. Co-host Walt McRee talks with author, lawyer, playwright, radio commentator and international negotiator Craig Barnes about his views of where things stand now in the struggles for economic fairness and later with PA Project Founder Mike Krauss about the themes and conversations that took place at the “Public Banks for Public Works” symposium in Philadelphia on October 18th.
In the worlds of economic theory and “acceptable” economic discussion, the terms “Socialism” and “Marxism” acquired an anti-patriotic stain during the 20th Century, despite the significant social economic progress realized by early American populist movements. Noted economics professor Dr. Richard Wolff, who has taught at many esteemed universities, has been overlooked for decades because of his Marxist/Socialist specialties; but suddenly he is out and about making the rounds on major media outlets talking about the failures of Capitalism, how they helped bring about the collapse of the American middle class and set a stage for continuing economic decline. Ellen talks with Dr. Wolff about a way forward that marries American values and sensibilities with the goals of these maligned economic theories.