Also to be welcomed – a good

Also to be welcomed – a good bank?”Carne Ross, is involved with an Occupy offshoot focused on “alternative banking.” In the near future, Mr. Ross said, the group plans to launch what sounds, for all intents and purposes, like a bank under the Occupy name. It will be governed by its users and staff, transparent and risk-averse, and accessible to all, he said. The group has received “tremendously good advice,” he said, from people including the ex-head of Chicago’s largest community bank, former regulators, and even finance professionals secretly moonlighting as activists. “Our vision was always to establish an alternative, not just to debate it,” Mr. Ross said.  “If we could change banking and make it embody the values of Occupy—equality, transparency, democracy—we might not only change the financial industry for the better, but also change the very nature of the economy—and thus society itself…Make no mistake, the kind of bank we are discussing is both plausible, and better, than the conventional for-profit banks. It can and should be done. These ideals are the stuff that make Occupy such an exciting movement to be part of.” – Carne Ross, Revolution Through BankingMore here Very little difference in essence from Labour Party’s leader Ed Milibands recent call for the “creativity” of capitalism to be harnessed and made “more decent” and “humane”. Socialists must be present and vocal within Occupy to combat such reformism masquerading as revolutionary before it takes root.