Clearing the FOG on Alternatives to Capitalism in Crisis

The capitalist economic model is one of wealth extraction from communities to consolidate riches at the top. As an antidote, many communities are building alternatives to this model – models called economic democracy, the solidarity economy and ‘buen vivir’ (good living). We begin with Michael Johnson who is actively building the alternative economy in the Northeast to talk about what the alternative looks like and how communities are making it a reality. Johnson is currently on a book tour. Then we speak with Ellen Brown of the Public Banking Institute. Ellen has been following and writing about the fragility of the global financial system. Her most recent article concerns an extreme step being taken by central banks in the European Union of moving to a negative interest rate. This means that depositors could be forced to pay banks to hold their money. Ellen will describe who is the most impacted by this practice and who is most at risk. Visit www.ClearingtheFOGRadio.org.