Much of the progressive political debate about financial reform focuses on breaking up banks that are "too big to fail" and reinstating Glass-Steagall. This view, popularized by Bernie Sanders in the 2016 election, calls for weakening the concentrated power of finance. But Professor McCarthy's presentation will turn Bernie on his head - finance should not be broken up, he argues, rather it should be controlled. This talk explores past experiments in the U.S., Western Europe, and Scandinavia geared toward democratizing large profit-oriented financial institutions and redirecting financial flows toward the social good, exploring their successes and failures.
Date: Friday, November 30, 2018
Location: Howard-Tilton Memorial Library, Room B12
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Sponsored by the Tulane Department of Sociology and the Altman Program in International Studies and Business.