Plebeian Finance

Plebeian finance represents a new approach to the regulation of the financial sector. Forty years of inequality have seen democratic theorists such as John McCormack and Jeffrey Green argue that we need to revive the democratic models of Ancient Rome. Its plebeian class had second class status: plebeians were able to vote, but their votes counted for less than those of the Senatorial and Equestrian classes. Yet the plebeians had distinctive democratic institutions with which they oversaw the elite classes of the republic via a public veto, regulation by publicity, and by placing disproportionate burdens on their elites. What would be the upshot of applying this radical democratic model to finance?