tag:blogger.com,1999:blog-4486641877026778105.post7206268921305882342..comments2024-03-18T19:21:49.666+00:00Comments on All That Is Solid ...: Labour's Economic RadicalismPhilhttp://www.blogger.com/profile/06298147857234479278noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4486641877026778105.post-44787113250210804872016-01-25T21:11:09.531+00:002016-01-25T21:11:09.531+00:00Germany has only two major banks but it has around...Germany has only two major banks but it has around 30 regional/district banks and over 200 savings banks plus co-operatives. So no problem with local banks at all, I remember when Scotland had five banks producing notes and every town had an independent savings bank. The new empowered credit unions are now emerging as the new not for profit local banks. Our local one will actually give a crisis loan to families who are non members. So the man is not shooting from the hip. As for how banks work, they work according to the law, deregulation was not set in stone.jim mcleannoreply@blogger.comtag:blogger.com,1999:blog-4486641877026778105.post-8362042757306169062016-01-22T19:50:50.915+00:002016-01-22T19:50:50.915+00:00There's also talk about breaking up monopolies...There's also talk about breaking up monopolies (well, cartels, if we're honest) and lowering barriers to entry, which is surely the baseline of functioning capitalism beyond anything else, and gives the lie to whatever the Conservatives say about entrepreneurship.<br /><br />Given how he may be the furthest left part of the CLAM (Corbyn-Livingstone-Abbott-McDonnell), it's weird how I find McDonnell to be the one coming out with the most sensible ideas. (Although it may be because Shadow Chancellor blocks him from talking about foreign policy).Fulcrumhttp://medium.com/the-fulcrumnoreply@blogger.comtag:blogger.com,1999:blog-4486641877026778105.post-1754323700788522932016-01-22T07:21:05.336+00:002016-01-22T07:21:05.336+00:00Except it betrays absolutely no understanding of h...Except it betrays absolutely no understanding of how the finance sector actually works. <br /><br />But i suppose they can say anything, really. Speedynoreply@blogger.com