What is or will be the alternative energy of the financial sector?

[yurbud]

The robber barons of carbon and nuclear energy pooh-poohed alternative energy like wind and solar as a boutique source for decades, but the rapid, large scale adoption in places like Germany and the dramatic effect it has had on energy prices has made it clear that oil, gas, coal, and nukes days are numbered.

Likewise, the auto industry and big oil said electrics and even hybrids would never take off, but there's so many Priuses around now, I've often tried to get in the wrong car.

I think there's a similar alternative to sociopath controlled international finance that will eventually emerge, but what is it?

Credit Unions that have been around for decades?

State run banks?

Crowd-sourced finance?

This is probably the most important question for reforming our profoundly corrupt political system--the banks call the shots and not just our democracy but those around the world have to dance to their tune, invariably makes them richer and everyone else poorer--currently, a LOT poorer.

And oddly enough, most of the "rogue nations" of the world are holdouts against the banking order in one way or another.

Maybe there isn't one silver bullet that will put it down, but are there any other than what I've mentioned so far?

[CincyDem]

1. I'm not sure it's the last step but I think credit unions are the next step

The American Banker's Association is working overtime in the past 2-3 years to strangle credit unions. Last quarter was the first time in ages that the deposit growth of credit unions exceeded deposit growth of banks. They are livid and are putting pressure on the National Credit Union Administration (NCUA), the credit union regulatory authority, to clamp down hard on membership criteria at any credit union that's growing.

While they've been around for decades, the fundamental principles still resonates. Run a business to make a profit that benefits the depositors that enabled you to run the business. There are no third parties (i.e. sharedholders and bondholders) standing around with their hands out looking to drive a transfer of wealth (from your pocket to theirs) like you have with banks.

I view credit unions as the financial equivalent of labor unions - created to serve the members. And we all know how interested folks are in busting unions. Busting credit unions is on the list for banks like busting labor unions was on the list for capitalists.

Needless to say, I'm a big supporter of credit unions and I fear that 7-8 years from now we'll be talking about them in the past tense as the NCUA continues serving the ABA.

[yurbud]

3. that's what I use.

[Zorra]

2. The Occupy Money Cooperative is interesting.

http://occupywallst.org/article/occupy-money-revolutionary/

[yurbud]

4. great additional links at that site!