Beschreibung:
<jats:p>Financial institutions play a crucial role in capitalism by wielding the « structural power » of capital in three ways : by refusing to lend (particularly to cooperatives) ; by refusing to invest (the so-called « capital strike ») ; and by illegally transferring funds abroad. Thus, they hold govemments bent on conflict with the affluent classes hostage. It would therefore be necessary to weaken their power by 1) controlling the movement of capital through authorisation and tax ; 2) instauring in such institutions a three-way management, shared between shareholders, representatives of the staff, and representatives of consumers, local councils and lenders ; 3) by increasing the competitive pressure throught the creation of quasi-public banks, which would be compelled by law to lend, even to non-traditional institutions. Such a model is less dependent on the State than the social-democratic model ; it maximizes economic efficiency, social justice and individual freedom.</jats:p>