Financial Structures and Egalitarian Economic Policy

Written in 1995 and published in the New Left Review, this Working Paper remains highly relevant to the current financial crisis. Pollin grapples with how we can maintain the pursuit of egalitarianism in the context of globalization. He considers how we may harness financial institutions and activities to promote renewed egalitarian policy, by bringing dramatic increases in the democratic control over financial markets and the allocation of credit. He proposes ways to do so without sacrificing the basic sources of micro efficiency and macro coordination and stability that are necessary for any viable economic strategy.