
- 224 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
This is a challenge to conventional thinking around money and the 'debt crisis'. By re-evaluating the source of money, Mary Mellor presents a radical alternative to austerity and privatisation: public wealth, or, money used for sustainability, sufficiency and social justice. Debt or Democracy debunks the received lessons of the financial crisis of 2007. Political elites shout about a house whose finances are in disarray; a 'yawning deficit' created by reckless spending in a bloated public sector. The answer to this 'debt crisis' has been harsh austerity measures - but this is a dangerously deceptive discourse. Turning against the prevalent narrative, with its language of 'debt' and 'deficit', Mellor takes on the familiar question - 'where does money come from?'. The real solution is a return to the notion of public wealth and the public economy; of a monetary system owned by, and operated in the interests of, the majority.
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Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Introduction
- 1 The Privatisation of Money and the Politics of Austerity
- 2 Money for Sustainability, Sufficiency and Social Justice
- 3 Provisioning Through Public Money
- 4 Misunderstanding Public Money: Four Myths and a Confusion
- 5 Janus-faced: The Central Bank
- 6 Understanding Public Money
- 7 Public Money: Beyond the Borders
- 8 Conclusion: Crisis and Change
- Bibliography
- Index