This is how to pay for the Green New Deal

As public banking expert Ellen Brown has highlighted, during the New Deal, the federal government’s Reconstruction Finance Corporation (RFC) lent over $2.5 billion in agricultural loans, backed vast infrastructure investments, and re-stabilized the economy through emergency loans to states and for disaster relief. By Sylvia Chi California Public Banking Alliance, This is how to pay for the Green New Deal, Mar 4, 2019  Dianne Feinstein, our …

Public Banking Update – March 2019. CA AB857 carves out a special charter for city-owned public banks, San Francisco and LA are pursuing it

“In California, we’re going to get this done!” AB857 carves out a special charter for city-owned public banks In dual press conferences Monday in Los Angeles and San Francisco, California legislators announced the introduction of AB857, a bill that would enable cities and regions to charter their own public banks and create a public banking network in the state.  The announcement …

The Economy for the Common Good: A Workable, Transformative Ethics-Based Alternative, by Christian Felber

By Christian Felber, Vienna University of Economics and Business and Gus Hagelberg, Coordinator for International Expansion of the ECG more, February 27, 2017,  MONEY & BANKING, DEMOCRACY & GOVERNANCE This paper by Christian Felber and Gus Hagelberg, published alongside three others, is one of many proposals for a systemic alternative we have published or will be publishing here at the Next System Project. You can read it …

2019 New Hampshire Bill Establishing a Public Bank

HB 367-FN – AS INTRODUCED 2019 SESSION 19-0146 11/08 HOUSE BILL 367-FN AN ACT establishing a state bank. SPONSORS: Rep. Marple, Merr. 24; Rep. Horrigan, Straf. 6  COMMITTEE: Commerce and Consumer Affairs —————————————————————– ANALYSIS This bill establishes a state bank. – – – – – – – – – – – – – – – – – – – – – …

Public Banking for Infrastructure Finance

By providing counsel, BND helps municipalities with limited knowledge of financial markets or the grant application process to access capital at lower rates and with cheaper transaction costs. Second, to address declining public revenues for infrastructure, BND’s direct low-interest loans allow it to leverage capital on terms that are favorable to the public. Finally, the centralized management of public funds …

The latent, unused power of citizens—and the production of public collateral

The latent, unused power of citizens—and the production of public collateral, Ann Pettifor, Democracy Collaborative and Next System Project, January 24, 2019, MONEY & BANKING Introduction It was just a montage of words uttered over a video in the summer of 2018. Soon the words went viral. They helped unseat a Wall Street-friendly Democrat—one primed to be the next congressional leader. They …

Power of public banking: Renewables generated 41% of Germany’s electricity in 2017, up from just 6% in 2000; and public banks provided over 72% of the financing for this transition.

The Financial Secret Behind Germany’s Green Energy Revolution The “Green New Deal” endorsed by Rep. Alexandria Ocasio-Cortez, D.-N.Y., and more than 40 other House members has been criticized as imposing a too-heavy burden on the rich and upper-middle-class taxpayers who will have to pay for it. However, taxing the rich is not what the Green New Deal resolution proposes. It says funding would …

“Taming this beast called capitalism”

‘This is about saving capitalism’: the Dutch historian who savaged Davos elite:  Rutger Bregman never intended to take billionaires to task over tax at World Economic Forum,  Larry Elliott Economics editor, The Guardian, Fri 1 Feb 2019  What innovation remains in a rentier economy is mostly just concerned with further bolstering that very same economy…Yet it doesn’t have to be this way. Tollgates can …

What Do Companies Owe The Environment? Integrating Natural Capital in Risk Assessments: A Step-by-Step Guide

Excerpt from Clean Technica, What Do Companies Owe The Environment? Natural Capital Risk Assessment At Davos, January 16th, 2019 | by Carolyn Fortuna A week before the 2019 World Economic Forum in Davos, the Natural Capital Finance Alliance (NCFA) has launched the world’s first step-by-step guide to help financial institutions conduct a rapid natural capital risk assessment — “not just greenhouse gases, but also how …

Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent

Excerpt from The Recovery Threw the Middle-Class Dream Under a Benz,  By Nelson D. Schwartz, Sept. 12, 2018, NYTimes.com Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent. It’s an extraordinary shift, driven largely by the investment profits of the …