The Future of Money: From Financial Crisis to Public Resource

As the recent financial crisis has revealed, the state is central to the stability of the money system, as privately-owned banks reap benefits without shouldering risks. This book argues that money is a public resource that has been hijacked by capitalism.

Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative 'leveraged' profits as well as destroying collective approaches to economic life. Meanwhile, m...