Tag Archives: positive money

Opinion: Liberal Democrats should debate ways of liberating our economy from the power of the banks

“Stronger Economy Fairer Society” was the strap-line that took us into the devastating General Election of 2015.  Some members wanted a fairer society that would support a stronger economy but regardless of which way we place these adjectives and nouns, it’s still unachievable without liberating the UK economy from our five major banks.

As long as our five big banks have the power to create money when they make loans, and lend it back to us at a profit, it is very difficult to see how our economy can achieve anything other than consolidating wealth into the hands of a few.  The Bank of England (BoE) and business generally is having less and less influence on how our economy expands and grows. Not only do we need to challenge this ‘status quo’, we need to radically overhaul the system and liberate the banking monopoly so that our economy functions to support our marketplace.

Properties in London have been sliced and diced according to an economic system that is essentially controlled by five big banks and this has overly inflated prices – driving up rents and sales. Homes for families are now filled with rooms for rent that are advertised as flats. We have less than 20 square meters for a bed, cooking and toilet facilities and are charged £800 per month rent. Generation rent (typically graduate students), are unable to save to buy a home due to ‘market rents’ sucking every penny from their incomes.

Posted in Op-eds | Also tagged , and | 97 Comments
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Recent Comments

  • Hywel
    Also whatever you think of this proposal, for the Lib Dems to set policy positions based on not getting attacked by the Telegraph for wanting closer integration...
  • Hywel
    This seems to be (according to BBC news) the source document. Though in that case why it isn't linked in the party website article I'm not sure https://bestfo...
  • Tristan Ward
    @Jack "It will take the Telegraph 5 minutes to claim that we are advocating closer EU alignment in order to help the already comfortable" Great. Telegrap...
  • Hywel
    It's a poor policy on a number of fronts 1) The costing side is at best a little vague (IFS say this will be a lot more than £17bn and Reform cost it as hig...
  • Peter Davies
    @Expats. No he didn't have conference approval for that either....