Posted 4 years ago on Jan. 16, 2012, 9:44 p.m. EST by jinzhao
This content is user submitted and not an official statement
As Wall Street protestors, I think it is important for us understand that our most important tactic is to define that alternative to Wall Street that we want, and then take the steps that are necessary to bring that into being.
The alternative to Wall Street would be a National Banking system, and it would surely be intended to benefit the 99% of the people, providing them with fairly paid employment and improving the economic condition of our society.
A National Bank would invest in the development of infrastructure projects, and would provide the initiative to economic development in our society.
Big projects like energy and transportation systems, require a lot of high tech manufactured goods, and so would we would also have to restore our industrial capacity.
A National Bank would create a huge market for high tech manufactured goods, calling into being a wide variety of manufacturing firms that could then be financed more by private investors.
The first step would be the enactment of Glass Steagall, to eliminate all of the criminal financial institutions and money that has no value from our economy. Then a National Bank could create credit to infuse the needed amount of money into society while doing productive work to improve the economy.