Nationalize the banks?

[This is an edited version of my remarks delivered on the panel, ”Nationalize the Banks! What Does it Really Mean?,” organized by the Socialist Register, at the Left Forum, New York City, April 19, 2009.] The title of our session reminds me of that glorious week in Seattle back in December 1999. At that time, and for a little while afterwards, it seemed like a new movement had been born, and there was some real potential for transforming, or even overthrowing, capitalism. One of my favorite chants of that moment of carnival came… Read More