The country’s new prime minister, Andy Burnham, has promised a break from the politics of the last 40 years—realizing more broadly that Labour must stand up for the 99% against big business, or the party will become irrelevant.
state banks
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Seizing the Public Banking Moment
Public banks can finance a quick post-carbon transition, guarantee employment in communities, facilitate payments of universal basic income, and ensure that state and municipal budgets are always healthy.
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The Public Bank Option: Safer, Local and Half the Cost
Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on Nov. 7, the nation’s second state-owned bank in a century could follow.
