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A new movement wants to end private banks’ control of money creation, circulation and their control of the economy as a whole.
Countries and people alike paddle in an ever-spiralling whirlpool of debt, resolved to get through it as unscathed as possible without ever seriously embracing the possibility of another reality. One man in Finland is struggling to put forward this other reality to the nation. Lars Österman, an economics teacher at several vocational colleges, is setting up a new political party called Suomen Talousdemokratia (Economic Democracy Finland), which proposes “a change in paradigm” for the monetary system – and, indeed, for life as we know it.