No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
This article is excerpted from Ellen Brown's new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
The Democratic Party finds itself with some serious divides that ought to be settled by the electorate. Some are clear-cut policy differences, such as the Trans-Pacific Partnership, an enormous free-trade agreement with Pacific Rim nations that Warren opposes and Clinton backs. The big-picture debate on financial regulation and income inequality is what's most at peril if the Democratic primaries come and go without top-notch opponents for Clinton.
“We are a small part of the 150 million Americans who work for a living,” AFL-CIO President Richard Trumka said in his keynote address Monday at the labor federation's convention in Los Angeles. “We cannot win economic justice only for ourselves, for union members alone. It would not be right and it’s not possible. All working people will rise together, or we will keep falling together.”
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