Khavari’s Idea Gains Momentum; Candidates from Maine to California Push State-Owned Banks in Mid-Term Elections

Darcy G. Richardson • June 11, 2010

In announcing his candidacy last June, Iranian-born economist Farid A. Khavari, a Democratic candidate for governor of Florida, became the first candidate for public office to seriously promote the idea of a state-owned bank since the Great Depression when Minnesota’s radical Farmer-Labor Party — a party that held the governorship for eight consecutive years during the 1930’s— included such a plank in its platform.

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2 Responses

  1. Hi Ellen,Thanks for all that you do. Mr.Khavari,say he will think about starting something online.(public banking) Also about going independent. He has my 100% support. One thing I hope, he and all of us do, rethink profit. Profit isn`t natural,to expect more than what we put in,aren`t the laws of physics.When we leave this world,we can take nothing with us.Profit is a bad idea,the proof is our dying world. Ellen,have you talk to Howard Dean? Does he support you? When are you going to get on FreespeechTV? MSNBC? Please let us know.

  2. Thank you for your support. I do agree that profit is a bad idea, only if we strive towards maximizing it with all kind of tricks, which is being done by the corporate America. It is nothing wrong with an “ethical profit”; we need to have it, in order for the businesses to exist. We must create an economic system that “Ethical Profit” is an integrated part of it; profit maximizing drive must simply go. You can read more about it, in my latest book, TOWARDS A ZERO-COST ECONOMY, page 71 – 73. This book is available for a FREE download at http://www.khavariforgovernor.com.

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