AFJM Coffeehouse Study Stack

TOPIC: "Patriarchy and Capitalism in the cases of Cuomo, Weinstein, Cosby, Epstein and R. Kelly" with Dr. Harriet Fraad

Content: Link to Recording / Introduction / About the Speaker / Highlights / The Study Stack / Upcoming Coffeehouse

Patriarchy and Capitalism with Dr. Harriet Fraad - September 2021
Content warning: This video discusses instances of sexual assault.
You can find other Coffeehouse recordings on
AFJM's YouTube channel.

On September 18th 2021, the AFJM Coffeehouse hosted Dr. Harriet Fraad to talk about patriarchy and capitalism, which she has been studying, writing and speaking about for decades. Capitalism is a profit system with roughly two classes of employers and employees. It mutually shapes and is shaped by patriarchy in which women are not fully human, but lesser creatures designed to fill men’s needs. Both men and women are imprisoned by their roles in patriarchy and capitalism.

Dr. Harriet Fraad is a licensed Mental Health Counselor and Hypnotherapist in private practice in New York City. She has been in practice for 46 years. She has an Ed.D. from Columbia University Teachers College and has done post-doctoral work with Dr. Sally Provence of Yale University Medical School's Child Study Center.

She writes and speaks on the intersection of politics, economics, and personal life in the USA. Her work can be found on her website, as well as her podcasts, "Capitalism Hits Home" and "It’s Not Just In Your Head," which she presents with Max Golding. Her latest written work appears in Knowledge, Class and Economics, NY: Routledge 2019.

Harriet Fraad appears regularly on Economic Update, The David Feldman Show Mondays at 8pm EST, and actNOW with Julianna Forlano. She also appears on Women’s Spaces on WBBK in Sonoma County and North San Francisco. Most notably, Dr. Fraad is a founding mother of the Women’s Liberation Movement in New Haven, CT, and has been an activist her entire life.

Dr. Fraad believes that “no one change will transform a systemic complex of interacting parts,” and that there are many entry points for challenging the system, but that banking reform is a crucial part of the necessary transformation of the US. “The system is failing to keep at least 40 million Americans from the threat or actuality of eviction denying them every basis for life from clean water and nutritious food to shelter, temperature regulation, clean air, rest, and restorative sleep to physical and psychological safety.”

The talk made clear that money is more about power than it is economics as she plumbed the depths of depravity by powerful men, all symptomatic of the private for-profit monetary system we have. In the ensuing discussion members made clear that the usurious Monetary System was and is at the root of patriarchy and capitalism. As Dr. Fraad said, “It is important for the left not to mobilize enmity,” and that “leadership must embrace the feminine characteristics of kindness, empathy, and connection and that we must have a unified front to effectively challenge the system.” We in the Alliance For Just Money warmly agree.

Sources mentioned by Dr. Harriet Fraad

Wiki Entry: Capitalism

Wiki Entry: Socialism

Wiki Entry: Patriarchy

Podcast: It’s Not Just In Your Head is hosted by Harriet Fraad and Max Golding, two mental health professionals, and explores how our capitalist economic system impacts our emotional lives. From precarious housing and employment to unaffordable healthcare, to endless debt -- it's not just in your head!

Podcast: Capitalism Hits Home with Dr. Harriet Fraad explores what is happening in the economic realm and its impact on our individual and social psychology.

Book: Bowling Alone: The Collapse and Revival of American Community by Robert D. Putnam (2001). It was developed from his 1995 essay entitled "Bowling Alone: America's Declining Social Capital."

Book: The Mighty Wurlitzer: How the CIA Played America by Hugh Wilford (2008).

Book: The Authoritarians by Bob Altemeyer (2006).

Website: DSA - Democratic Socialists of America

Sources mentioned by participants
Lost Science of Money: The Mythology of Money - The Story of Power by Stephen Zarlenga (2002)

Book: End of Banking by Jonathan McMillan (2014)

Book: New Money for A New World by Bernard A. Lietaer and Stephen M. Belgin (2011)

Wiki Entry: Iroquois Confederacy

Legislation: H.R. 2990 – National Emergency Employment Defense Act of 2011 (NEED Act). 112th US Congress (2011-2012). AFJM's Legislative Action Committee is currently updating it as the American Monetary Reform Act (AMRA). AFJM members interested in participating in this work are encouraged to join the LAC by emailing your interest to

"Building Bridges: Can MMT and Just Money be friends?"
with Virginia Hammon
Monday, October 25th
At 8 PM ET / 7 PM CT / 6 PM MT / 5 PM PT via Zoom
Register in advance

Virginia Hammon, author of US Money: What is it? Why we must change, How we can (2018), and (with Mark Pash), How We Pay for a Better World (2019) will explore the similarities and differences in the goals, values, definitions, and worldview of Modern Money Theory and Just Money.

Caveat: The views and opinions expressed in AFJM Coffee Houses are those of the presenters and participants and do not necessarily reflect the official policy or position of the Alliance of Just Money.
This Study Stack will also be available in the AFJM Archive.

AFJM is an organizational member of the 
 International Movement for Monetary Reform 

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