The Real News: Paul Jay- Interviewing Professor Michael Hudson- ‘Occupy Wall Street to a Bank in The Public Interest’

OWS

Source:The Real News– OWS taking on American banks.

Source:FreeState MD

“Michael Hudson: A public option in banking will be a structural answer to the power of finance.”

From The Real News

All of these protests on Wall Street that are going on around the country, could be positive for the country. If it leads to real reforms in our economy, that reforms our banking system in a way that we stop bailing out banks and other company’s, regulate their bad behavior. And lets them keep a lot of their profits instead of subsidizing them when they are successful. And thats not what we have right now. We have so many tax loopholes, that a lot of our business’s end not paying much if anything in taxes like General Electric. But tax them at a rate that allows them to be profitable and encourages them to be profitable.

About Derik Schneider

I use a picture of John F. Kennedy as my profile pic on social media for as a very good reason: I'm a center-right, John F. Kennedy, Liberal Democrat. The real Liberals who believe in the defense of liberal democracy and the fight against authoritarianism, left-wing or right-wing. But I blog a lot about the Far-Left (or new-left, if you prefer) because I'm very interested in socialism and communism, as well as center-left progressivism, which is the real progressivism.
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