Who will do a better job than the bankers?

How can we answer the question WHO will do a better job than the bankers and lenders who have caused the economic crisis? First I think we need to understand WHY does credit / capital get allocated where it does? Why do the prices of currencies, credit and real estate bounce around so much? Why should they send production into a spin, when the productive resources - labour, machinery, land, buildings, raw materials, etc are there just the same?

So WHO are these people deciding where to make production happen, what kind of production it should be? And why do THEY get to decide? If their decisions can be so bad for everyone else (and even themselves in some cases) - then who else could decide? And how? How more democratically?

If democratic economic decision making would take a lot of time - think - how many people are employed in finance, accounting and management to make those decisions? Share their hours around the workforce, and we could all be paid at least 1 day a week to take the time to participate in planning and deciding...

And if the loss makers are to be in effect nationalised, why not nationalise the lot - losers and profiteers? It would simplify and streamline the regulation of the financial system, and give a lot more flexibility to what voters could demand of governments (including tackling climate change, more public transport, renewable energy) and a lot less income to the excessively rich!

It's very frustrating to see these powerful people messing up, and even if a few of them get into trouble, really they are causing a lot more trouble and suffering for workers losing their homes, losing their jobs... people who just want to live their lives without having power over other people. But if we don't organise to take their power away and run things differently, then they'll just sort out the mess on their own terms, and rerun the show again...