Public Banks as the Antithesis of Neoliberalism

Cowboys on the Commons

I’m for public banks because people have a right to share in sustainable abundance, such abundance is relatively easy to achieve structurally and democratically, and neoliberalism’s reliance on the private sector to get us there is foolish.

by Matt Stannard

The Commission on Social Development is a sub-body of the United Nations Economic and Social Council. In 1995 the Commission hosted a Summit on Social Development in Copenhagen, which the United States attended—sending a contingent led by then-Vice President Al Gore. All participating nations at the Summit signed its set of conclusions, the Copenhagen Declaration on Social Development. The Declaration held that the Commission’s task was “to address both [the] underlying and structural causes” of poverty, unemployment, and social exclusion, and “their distressing consequences in order to reduce uncertainty and insecurity in the life of people.” The agreement wasn’t law, it wasn’t enforceable even by the limited standards of international…

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