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Reclaiming the Public Interest: Cities Should Sell Municipal Bonds to Their Own Public Banks
What chance do local governments have in fighting authoritarian austerity, especially when they are left to rely on feckless legislators at the state and federal levels who refuse to push back? Right now, we see austerity budgets appearing across every institution and major employer in the U.S. If the federal government continues to sabotage municipalities, […]
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Democratic Public Finance: A Radical Vision for Mamdani’s New York City
Summary This document elaborates an emerging economic paradigm that is already latent in Zohran Mamdani’s plans and practices. The paradigm, which we call Democratic Public Finance (DPF), reframes money as an inexhaustible and malleable public institution. According to DPF, money is public credit, a capacious tool for mobilizing everyone’s capacities to meet our needs and […]
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Prisons prime testing ground for dehumanizing hi-tech “advances”
A new form of exploitation, known as “stakeholder capitalism,” is already being tested in many places around the world and prisons are among the main targets for its implementation, as they provide an ideal and literally captive market for its proof of concept.