Politics and Society 47 (4):529-556 (2019)

Abstract
Historically, there has been little agreement between advocates of radical financial reform and socialist theoreticians. However, in the new circumstances of the twenty-first century, a productive synthesis of these two traditions might be possible. Drawing on the franchise model of credit creation elaborated by Robert C. Hockett and the dysfunctions created by the extreme concentration of private financial institutions, this article outlines a reform agenda that would both democratize finance and facilitate the flow of funds into valuable forms of investment that are currently starved for resources. If the new institutions envisioned in this proposal were able to take root and expand, they could ultimately facilitate a transition to socialism, defined as the subordination of the market to democratic politics.
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DOI 10.1177/0032329219879274
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References found in this work BETA

Finance Without Financiers.Robert C. Hockett - 2019 - Politics and Society 47 (4):491-527.

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Citations of this work BETA

To Democratize Finance, Democratize Central Banking.David M. Woodruff - 2019 - Politics and Society 47 (4):593-610.
Democratizing Investment.Lenore Palladino - 2019 - Politics and Society 47 (4):573-591.
Nine Theses on Twenty-First-Century Socialism.Fred Block - 2020 - Politics and Society 48 (4):553-566.

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