Public banking

Yes, absolutely. I’ve supported the SF Public Bank campaign, attended the campaign’s events, and advised the campaign’s organizers. I also support AB 857, which would allow municipalities across the state the opportunity to create public banking institutions at the local level.

The creation of public banking institutions represents a vital step forward in the establishment of socialism as a paradigm change from the failed idolization of capital that has led our species to the brink of extinction. Public banks can work around redlining to promote equity even when capital refuses. They can incorporate participatory governance and build democracy at the local level. And they can siphon capital away from a predatory industry that has repeatedly fueled commercial attacks on human rights, environmental rights, and public health.