The Reverend Billy is now running to be Mayor of New York City. The Wall Street Journal featured him two days ago.
"It's hard to argue against the system he envisions.It's the sort of preaching a certain delusional pastor up the street from MinusCar HQ ought to take notes from.
Think for a moment about what community finance could mean for the nation: Neighborhood banks would lend to local businesses. Profits could stay in the community.
Simply knowing who your customers are and living near them could bring common sense -- the most basic and sound form of risk management -- back to banking.
Sure, it sounds kind of dreamy (OR IT SOUNDS LIKE ADAM SMITH - mc), but such systems are already in place in the neighborhoods large and small. Small businesses thrive, but they are often at the mercy of big banks who giveth and taketh credit according to shifts in economic cycles.
'The Wall Street experience is parallel and equal to the destruction of neighborhoods through chain stores,' Reverend Billy says.
Reverend Billy writes in the Winter 2008 Yes! Magazine:
"What form would the Boston Tea Party take today, against our psychological traffic jam? What is our equivalent to Rosa Parks sitting in the front of the bus?...of Lenny Bruce talking dirty?...of Wangari Maathai lowering a seedling into the ground?"Now there's a Tea Party I'd drink to.
"Critical Mass...the rides are peaceable assembly. Their free expression comes in an intriguing form-the act of traveling by bicycle up streets and down avenues where defenders of the internal combustion engine have built a think book of pre-emptive, car-friendly laws."