"As each firm (and indeed state agency) lays off workers and tries to pay less to those kept on, this has the effect of further undercutting overall demand in the economy...
"A strong case can be made that... we need to break with the logics of capitalist markets...
"We need to put on the public agenda the need to change our economic and political institutions so as to allow for democratic planning to collectively decide how and where we produce what we need to sustain our lives and our relationship to our environment."
- From Global Finance to the Nationalization of the Banks: Eight Theses on the Economic Crisis - by Prof. Leo Panitch, Prof. Sam Gindin - 2009-02-25
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