re-market socialism

Justin Schwartz jschwart at
Thu Feb 1 19:21:27 MST 1996

Local bank officers have a have  a  mandate to evaluate (and if necessary,
solicit) proposals from coops. The exact mix of criteria for evaluation is
up for democratic discussion at all levels. Presumably it will include
estimates of profitability, job creation, environmental soundness,
subsidies for needed but unprofitable or less profitable products,
innovation, and the like. It can't be said a priori how these would be
balanced. In the S model, the bank officer's income is tied to
profitability of his investments and satisfaction of other criteria.


On Tue, 30 Jan 1996, Paul Cockshott wrote:

> On what basis does the state bank regulate credit between
> competing applicants?
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