Readers: This represents a somewhat different perspective and has some analytical flaws which I will comment on later. PROUT can be an adequate starting point for the transformation of economic practices. The point being made by this inclusion is that at least this position does not attempt to validate and justify oligarchy and greed which underlies much of the econo-theology of "Free Market" capitalism, imo.This article also comes from Venezuela, which is attempting to establish a 21st century socialism. What that goal implies or what the outcome will be is for a different time. Admin

Readers: Please, also read Jamie Walton's rebuttal to this article which makes Ellen Brown's suggestion a red herring at "Why States Going into the Banking Business Would be a Distraction, not a Solution to their Fiscal Problems" http://economics.arawakcity.org/node/240

Ellen Brown, October 14th, 2009
http://www.webofdebt.com/articles/publicly-owned.php

 ...get local, get finer, downscale, and get going on it right away...

  
Americans want to invest locally: here’s how.
 
by Michael Shuman
posted Jun 05, 2009

http://www.counterpunch.org/baker07152009.html

By DEAN BAKER