enver-motala

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Enver Motala is an associate of the Centre for Education Rights and Transformation (CERT) at the University of Johannesburg and of the Centre for Integrated Post-School Education and Training at the Nelson Mandela University.

Why Do We Even Need Private Banks?

Since Silicon Valley Bank’s collapse, some commentators have been waking up to the need for a socialization of deposit-taking banking. They’re right — but the same logic leads to a more radical conclusion: a fully socialized capital market, with no private banks.