Big Corp Moves In— on It’s Our Money
IT’S OUR MONEY with Ellen Brown
Big Corp Moves In
As money systems diversify through new digital systems at all levels of governments internationally, some large corporations are capturing mega-markets through exclusive payment systems. Primarily in developing countries at this point, these corporations have created systems similar to Visa and Mastercard which can take exclusive, competition-free control of national payment processing. This dystopic prospect of corporations being able to turn on and turn off transactional payments is the focus of our guest Nick Brown, who helped set up Visa’s debit card network. We also visit with Dr. Robert Hockett, an expert on all things monetary including the Federal Reserve, who says it’s time for our central bank to focus on funding real production for the national interest rather than being a funder of boundless financial specialization.
A Public Banking Institute Presentation.
This show was broadcast on June 17, 2021.
