Public banks have the potential to address a host of economic, social, and ecological crises. This report proposes a democratic public bank model for Los Angeles and elsewhere that addresses key questions of how public banks can best live up to that potential.
Dramatic interventions are necessary to preserve local businesses at risk of failure due to the impact of the COVID-19 pandemic. Local economy preservation funds can purchase and hold these enterprises and prepare them to flourish in the recovery.
COVID-19, an epochal event, has made the case for reimagining the ownership and governance of our economies on both sides of the Atlantic more urgent than ever. An agenda to extend democratic public ownership is essential.
This book highlights some of the most thoughtful, substantive, and promising answers to how to reshape an economy battered by a global pandemic on top of the looming climate crisis, chronic structural racism, and worsening wealth inequities.
How we are building the democratic economy....
Working on both sides of the Atlantic, we are advancing bold interventions in transformative policy that move the window of possibility decisively towards systemic change.
We are creating a national movement of anchor institutions—place-based nonprofits like universities and hospitals—working together to build community wealth.
Building a truly democratic economy means having the courage to collectively center and confront the effects of historical and ongoing racism in the way today’s economy is built.
We have successfully advanced, defended, and normalized the notion that local economic policy should directly create and support economic institutions that deliver democratic outcomes.
We need to envision and create an entirely new concept of the company—a just and democratic firm—designed for a new mandate: to serve broad well-being and the public good.
Our emphasis is where climate and energy meet structural issues of ownership, control, and finance, underscoring the connection between a just transition and a democratic economy.