Report on Rick Wolff’s January Talks in New Haven

by Allan Brison, CT Green Party

Over 20 people gathered to hear Rick Wolff in January at the Unitarian Universalist Society. He spoke about his evolution from his education attending three of the nation’s most prestigious schools (Harvard, Stamford and Yale), to being one of the rare Marxist economists in the Economic Department at Yale, and, in turn, to his present incarnation as being in great demand for radio and TV interviews across the nation, and having his advice sought by such luminaries as Bill Moyers, as well as being a driving force behind the Left Forum every year in Manhattan.

Contributions were made to Democracy At Work, Rick’s organization to bring real democracy to the workplace and everywhere else in American society (donations can also be made on his website http://www.democracyatwork.info/).

Then Rick spoke to the Yale Political Union for the debate on the question: Should US Banks be Nationalized? But his position is not for either Nationalization or Privatization, but rather what he calls Socialization – a more nuanced form of collective ownership of goods and services by those most affected by those goods or services. Though he believes that Socialization is the way to go, he did point out that there have been some very successful examples of public owner-ship. These include the Bank of North Dakota and the much larger publicly owned Bank of Germany.

Rick gave other examples where public ventures have outperformed their privately owned counterparts, including the Wallingford, CT Electric District, the publicly owned utilities in Los Angeles and Sacramento, and the Green Bay Packers football team in the NFL.

One of the largest and most striking examples of Socialization in the ownership of goods and services is the Mondragon Corporation in Spain. This company started in 1956 and today is the largest corporation in the Basque Region. It employs 74,000 people in 257 companies and organizations in four areas of activity: Finance, Industry, Retail, and Knowledge.

For more on the Mondragon Corporation, see Rick’s website or http://en.wikipedia.org/wiki/Mondragon_Corporation.

At the end of the YPU debate, the students voted in favor of nationalization of banks by a narrow margin. The debate was captured on videotape for public showings.

Please contact me for more information. Allan Brison, (203) 782-6808

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