The paper highlights the importance of public banks in reclaiming the public sector and reorienting public policy for the common good. The paper provides concrete examples of public banks that function for local and regional governments and respond to workers' needs. The paper also emphasizes the need for public banks to be policy-maximizing rather than profit-maximizing and to be made accountable and transparent. The role of labour unions and local and regional governments is to engage, mobilize, and educate to exert democratic, accountable, and transparent control over public banks and financial resources.
The paper was released on 20 April during the first 2023 Session of PSI Global LRG Workers’ Network. PSI is organising a live conversation with Thomas Marois about the potential of public banks to fund local quality public services that will take place on
14 September 2023 - 9.30-11am EST //11.30-13am GMT-3// 3.30-5pm CEST
(find your local time here).
Interpretation will be available in English, French and Spanish.