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19426 Articles by: Wouter van de Klippe

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Wouter van de Klippe is a freelance journalist and writer based in Europe. He is particularly interested in organized labor, social and environmental justice, and social welfare states.

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.