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What Corbyn’s Critics Miss

“The Stoical scheme of supplying our wants by lopping off our desires, is like cutting off our feet when we want shoes.” ~Jonathan Swift New Labour leader Jeremy Corbyn won his post with overwhelming, almost unprecedented support from Labour members, indicating a preference for a new approach–even if its herald was considered a veteran of old-school

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Material Responsibility: What the Banks Did to Baltimore

There’s no shortage of pundits condemning the riots in Baltimore. There are also plenty of well-meaning people focusing solely on the disenfranchisement of particular pockets of that city as if the human beings suffering there were characters in some morality play. But it’s time to talk economics, because the events in Baltimore didn’t happen in

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Chicago Mayoral Candidate Amara Enyia Proposes Public Bank

We received the following press release today from Amara Enyia’s mayoral campaign. Her campaign website is here.  Moving Chicago in the right direction requires out-of-the-box thinking about what it takes to grow the economy. Dr. Amara Enyia is proposing a public bank for Chicago because Chicago needs to be able to finance its major infrastructure projects, provide access to

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Public Banks and Public Rail: Expanding Green Public Transit in New Jersey

At a time when fossil fuels are peaking, climate change is spiraling, and the public sphere is cracking under the weight of elite corporate interests, the Garden State’s rail tracks provide a vast array of public wealth whose revitalization could be a game-changer for transportation in New Jersey. We can see that untapped potential by

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At Year’s End, Public Banking Steers Economic Justice Conversation

Originally published at the Public Banking Institute Blog. The movement for public banking, democratically-run public banks that avoid high interest rates and make financing accountable to the public good, ended a solid building year on a several high notes, including a column of support from Chris Hedges, analysis of a volatile struggle in Vermont, and

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Why Economic Democracy Now? The Reasons Keep Piling Up

What do a recent analysis of the Detroit bankruptcy crisis, and recent revelations of wide-scale corporate spying on citizen activists, have in common? They both suggest that we need to revitalize the public sphere, democratize economic policy, and dismantle the hierarchy created by material inequality. New reasons for building community power and dismantling the power

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Hundreds Gather for Public Banking and Economic Justice

By any standards, the 2013 Public Banking Conference, held at beautiful Dominican University in San Rafael, California, was a success. In a political world where like-minded groups seldom converge on practical policy blueprints, it was an astounding success. Hundreds of committed attendees–Occupy activists, religious groups, labor, environmentalists, legal activists, journalists and progressive economists–came together for

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Countdown to the 2013 Public Banking Conference: Funding the New Economy

The second annual Public Banking Conference, held at Dominican University in San Rafael, California and co-sponsored by Dominican’s Green MBA program, begins this Sunday, June 2, at 1PM Pacific Time, when Web of Debt author Ellen Brown welcomes conference participants and Move to Amend national spokesperson David Cobb delivers the conference’s keynote speech. A series

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Banking Scandals and Public Solutions

No American writer does a better job cataloguing, describing, and decrying the sins of big banks than Matt Taibbi. His recent exposition of U.S. authorities’ investigation of London-based ICAP for manipulation of information accompanying interest rate swaps is another in his corpus of descriptions of schemers and plotters playing with amounts of money “up to

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