Could public ownership of the banks address the banking industry’s intrinsic flaws?
Financial reform advocate Ellen Brown makes a strong case for publicly owned banks, which, she reasons, are in society’s best interest. While she cites several examples of effective public banks, she doesn’t explore the inefficiencies often associated with government entities. Nevertheless, getAbstract recommends Brown’s cogent – though perhaps oversimplified – argument to bankers, policy makers and depositors interested in banking reform.
In this summary, you will learn
- Why public ownership of banks could repair many of the banking industry’s shortcomings,
- What flaws privately owned banks exhibit, and
- How many global banks have experienced success under the public ownership model.
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