Author: Doug Henwood

Doug Henwood edits the Left Business Observer and hosts the weekly radio show Behind the News, broadcast on WBAI in New York and KPFA, Berkeley. His books include After the New Economy (New Press). This article was adapted from “The Crisis,” which originally appeared in the Left Business Observer #118, December 2008.

Crisis of Contradiction

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  Banking should be rather like an old-style utility—something so essential to all of us that it should be regulated like electricity used to be before the preposterous experiment with utility deregulation. And if the government is bailing out and nationalizing banks and other financial intermediaries, why not keep some of them in the public…

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