People Versus Banks

Written By: E.W. Campbell

Written by E.W. Campbell, “People Versus Banks” convincingly argues for the necessity of the nationalisation of the Australian private banking sector. The article opens with an emphatic broadside by the then Australian Communist Party President, L.L. Sharkey against the reactionary forces opposing nationalisation and continues by thoroughly demonstrating in turn: the benefits nationalisation would bring to the Australian people, the bunk statistics used to mislead the public and the role banks played in worsening the effects of The Great Depression and the rise of Fascism in pre-WW2 Europe.