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Buyouts, not bailouts: public banks as a solution to the next crisis

Thomas Hanna

Instead of panic-driven handouts to corporations and temporary quasi-nationalizations, a plan should be in place for cleanly and transparently taking failing financial corporations into genuine public ownership. Ultimately repurposing them, and shifting their activities away from financialization, speculation, and extraction and towards supporting healthy, prosperous, and equitable local economies as well as a sustainable planet.