Surviving Capitalism (Not) : Providing low-cost banking by saving the post office Mar26

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, March 26, 2015

Providing low-cost banking by saving the post office Mar26

Click here to access article by Pete Dolack from Systemic Disorder.

Dolack is always thinking, and this time offers an idea that could be the start of something big. However, because of that it will take a huge public effort to overcome opposition by our capitalist masters.

A Postal Service bank — a model that is successful in several countries around the world — would not only provide the post office with a reliable source of income, it would provide badly needed basic, inexpensive banking services for underserved populations.