alanjjohnstone

Read through this last night (it's an easy read and only takes an hour or so). To tell the truth, it is not what I first assumed it to be, i.e a statement of policy. It's an attempt to explain some of the terms used in discussions about banking and the financial crisis, and it gives the case for and against particular reforms. Its description of how banking works is not all that cranky, but not much different from how the textbooks say it works. I imagine hardcore cranks will be disappointed.But the overall assumption is that the crisis is financial and has been caused by certain activities of the banks, with the implication that it could have been avoided if banks hadn't been allowed to behave in this way and that future crises can be avoided if banks can be stopped behaving in this way. It's still "the bankers" rather than the capitalist profit system as a whole that is blamedSo, there's still a need for us to produce something on the same questions as there is clearly an interest in them amongst those who are critical of present-day society and economic system.Incidentally, I read their pamphlet on my computer as an e-book. Are we capable of producing something like this on our site?