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Economic Democracy Weekly

For today’s Economic Democracy Weekly, the first of 2025, we begin with a set of articles that highlight advocates’ efforts to create publicly owned banks to advance economic justice and support local community economic development. First, from New York state, a campaign in Rochester gains momentum. Next, from California, an account of how a century-old public bank in North Dakota has inspired public banking campaigns across the Golden State. This is followed by an article from the East Bay (near San Francisco) that offers a step-by-step guide on how your community can create a bank of your own. Lastly, from a webinar last fall, a speaker explains the value to communities of experimentation to get liberatory finance structures right.


What Does Finance for the People Look Like?

 
Public banking in New York was once a fringe concept. Now, it garners mainstream political support. There are some lessons from this effort for advocates in other states. Read more... 
 
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In California, a Movement for Locally Controlled Finance Gains Ground

 
How can we assure fair access to capital and reduce the racial wealth gap? In California, a network of public banks is emerging as a key tool. Read more... 
 
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How to Interrupt the Public Funds to Private Profits Pipeline: A California Story

 
“Public banks offer an opportunity to shift the balance of power in favor of local economies.” Read more…
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In Building a More Just Economy, Practice Makes Perfect

 
“A huge part of the work…is trying to have people be able to practice. And I think that’s critical to the type of society that we’re trying to rebuild here.” Watch the video and read more…
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