The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.

Capitalism has defeated communism. It is now well on its way to defeating democracy.

Entranced by promises of a material paradise of limitless luxury, humanity has too long ignored the mismatch between the imperatives of our existence as living beings on a finite planet and the imperatives of the institutions of money that chart our path to the future. Created to build colonial empires in service to kings, global corporations are ill suited to the task of building just, sustainable, and compassionate civil societies that nurture sufficiency, partnership, and respect for the whole of life.

There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process.

If there is to be a human future, we must bring ourselves into balanced relationship with one another and the Earth.

The proper goal of an economic democracy agenda is to replace the global suicide economy ruled by rapacious and unaccountable global corporations with a planetary system of local living economies comprised of human-scale enterprise rooted in the communities they serve and locally owned by the people whose wellbeing depends on them.

Capitalism and the market are presented as synonymous, but they are not. Capitalism is both the enemy of the market and democracy.