Default Image

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

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.

Read the full article at openDemocracy.

Publication date: 2019-08-27
Parent publication: openDemocracy
Publication URL: https://www.opendemocracy.net/en/oureconomy/buyouts-not-bailouts-public-banks-solution-next-crisis/

More related work
Medicine Cost

Americans deserve publicly owned generic drugs

by Dana Brown

Bold policies could have saved America’s largest generic drug plant, but it’s never too late to start putting communities first.

read more
Illustration courtesy of United Nations

All health is public health: Busting the myths of choice and commodity

by Dana Brown

For decades, we have been sold a myth of private health. It is a myth that our health is largely a product of individual choices and personal responsibilities. It is a myth that our healthcare is a service that private corporations can provide, and for which we must pay to survive. But the COVID-19

read more
Neil McInroy (Source: Coop News)

Neil McInroy joins TDC to advise stepped-up community wealth building program

The former CEO of a leading UK economic think tank will be central in helping build capacity to offer powerful new technical assistance to cities and local authorities pursuing community wealth building strategies.

read more