Written by E.W. Campbell, “People Versus Banks” convincingly argues for the necessity of the nationalisation of the Australian private banking sector. The article is opened by the then Australian Communist Party President, Lance Sharkey covering nationalisation, the effects of The Great Depression and the rise of Fascism in pre-WW2 Europe.

In 1947, the Chifley Labor government tried to put the Commonwealth Bank under stricter control. The capitalists went berserk saying it was Communism in disguise and set out (successfully) to defeat the referendum that was required. The ACP argued for full nationalisation of the finance sector and their arguments are presented in this booklet.