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Public ownership

Database And How-To On De-privatizing Public Services

August 20, 2020 PublicFutures.org. , , ,
Basic services like water, energy, health care and education build the foundation for healthy, just and sustainable communities. All over the world, citizens, public authorities and labour unions have been mobilising to bring these vital services and infrastructures back into public hands after a period of privatisation, where financial profit was put before social need and communities’ wealth. A new generation of public organisations is emerging to provide the basis for livelihoods in sustainable, democratic and affordable ways.

COVID-19 Crisis Highlights The Need For A Much Stronger Public Sector

April 14, 2020 Subin Dennis, People's Dispatch. , , ,
It is a sign of how bad things are when the editorial board of the Financial Times, the world’s leading business newspaper, carries an editorial calling for “radical reforms… reversing the prevailing policy direction of the last four decades.” The FT editorial of April 3 has advocated, among other things, a more active role for governments in the economy, ways to make labor markets less insecure, and wealth taxes. The FT’s editorial board, increasingly concerned about saving capitalism from itself, had written about the need for “state planning” and a “worker-led economy” last year in August. But the April 3 editorial has garnered much more attention since it comes amidst a massive crisis.

On Strike Now For Three Years, Spectrum Workers Are Demanding Public Ownership

March 31, 2020 Amir Khafagy, Truthout.org , , ,
Cable technician Troy Walcott, along with 1,800 of his fellow members of the International Brotherhood of Electrical Workers (IBEW) Local 3, has been striking for three years, and there’s still no end in sight. Local 3 first walked off the job in March 2017 when their employer, Spectrum/Charter Communications — the largest provider of cable TV, internet and telephone service in New York State and the second-largest cable provider in the country...

Towards Democratic Public Ownership In The 21st Century

March 19, 2020 Mathew Lawrence & Thomas M. Hanna, Common-wealth.co.uk , ,
Our current political economic system is in crisis. Forty years of market fundamentalism, privatisation, and unchecked corporate power have led us to the point of ecological collapse, increasing economic and social inequality, and dangerous political instability and backlash. Driven by the system’s failings, and the real pain being felt by workers and communities across the world...

Reimagining Democratic Public Ownership For The Twenty-First Century

February 18, 2020 Thomas Hanna and Mathew Lawrence, Opendemocracy.net ,
A new transatlantic project will explore how new models of public ownership can shape the emerging commanding heights of the economy. As we enter the second decade of the new century, signs of crisis are all around us. Climate change, rising economic inequality, assaults on workers’ rights and wages, unchecked corporate power, financialization, entrenched racism...

The Green New Deal Must Put Utilities Under Public Control

February 6, 2019 By Jackson Koeppel, Johanna Bozuwa and Liz Veazey, Inthesetimes.com , ,
Highland Park, Mich., is a small, majority-black community of three square miles, nestled in the center of Detroit, with some of the highest poverty and unemployment rates in the country. It’s suffered a series of indignities and setbacks over the years: a state emergency management takeover of the city and surrounding areas; a state takeover of the public water infrastructure; public school closures; and a collapse of tax revenue fueled by white flight, fossil-fuel-driven suburban development, and the rapid decline of the housing market and auto industries.

Public Takeover Of PG&E: A Radically Common-Sense Proposal

January 19, 2019 Johanna Bozuwa, Truthout.org , ,
California’s large investor-owned utility, Pacific Gas & Electric (PG&E), announced it would be filing for bankruptcy by the end of the month after being faced with $30 billion in damages related to a series of fires over the past two years, including last fall’s deadly Camp Fire, which was allegedly sparked by the utility’s old, faulty transmission lines. That fire killed 86 people, destroyed 14,000 homes in the town of Paradise, and stands as the deadliest and most destructive fire in the state’s history. PG&E’s bankruptcy forces a critical choice for new California Gov. Gavin Newsom and other state leaders. They could opt to bail out PG&E, or break up the gargantuan company into presumably more manageable pieces.

The Public Ownership Solution

December 14, 2018 Thomas M. Hanna, Jacobinmag.com ,
Socialism in the United States is making a comeback. Socialists are winning elections at the local, state, and federal levels; the membership of Democratic Socialists of America stands at a record fifty-five thousand; and polling consistently finds that younger Americans have relatively positive opinions of the concept. While the term “socialism” means different things to different people, for the vast majority in the burgeoning movement it suggests the promise of a very different kind of system — one that is far more equitable, democratic, and ecologically sustainable than both capitalism and past experimentation with its alternatives.

The United States Is More Socialist Than You Know

October 15, 2018 Margaret Flowers and Kevin Zeese, Clearing the FOG. , , ,
Compared to other wealthy countries, large sectors of the US economy are more socialized than is realized. From energy to water to transportation, land and more, and from cities and states to the nation, there is public ownership and control. The neo-liberal era of privatization is winding down. This has particularly accelerated following the 2008 financial crash. We speak with Thomas Hanna, author of "Our Common Wealth: The Return of Public Ownership in the United States," about reclaiming public goods and how to prepare for the next financial crash. Plus, we put the current news in the context of the bigger picture.

The Crisis Next Time: Planning For Public Ownership As An Alternative To Corporate Bank Bailouts

July 25, 2018 Thomas Hanna, Thenextsystem.org , , , ,
The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued consolidation of the banking sector in an increasingly financialized economy suggest that we should be prepared for a crisis sooner rather than later. In the Great Financial Crisis of 2007-2008, the US federal government intervened at an unprecedented scale to bailout our largest commercial banks after they became entangled in the mess of risky financial products built on top of an unsustainable housing bubble. The effect of these massive bailouts was, in the end, to preserve the status quo: the modest attempts made to regulate the financial sector to protect consumers and avert further devastating financial crises have largely been rolled back, and the banks that were then “too big to fail” are today even bigger.

Public Ownership, Democratizing Money, And Preparing For The Inevitable Next Financial Crisis

July 16, 2018 Staff, Publicbankinginstitute.org , ,
Thomas M. Hanna of The Democracy Collaborative has released a compelling new detailed report arguing that we need to start now discussing a viable plan for public ownership — to demand a next financial system — so we are ready to fight for it in the face of the next crisis. “The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued consolidation of the banking sector in an increasingly financialized economy suggest that we should be prepared for a crisis sooner rather than later…“Viewed in historical perspective, the ability of the financial sector to use its concentrated wealth to escape or subvert regulations by influencing the political process should come as no surprise…

The Crisis Next Time: Planning For Public Ownership As An Alternative To Corporate Bank Bailouts

July 3, 2018 By Thomas Hanna, Thenextsystem.org , , ,
The next financial crisis is all but inevitable. While its exact timing and severity cannot be predicted, both the accelerating frequency of crises in recent decades and the continued consolidation of the banking sector in an increasingly financialized economy suggest that we should be prepared for a crisis sooner rather than later. In the Great Financial Crisis of 2007-2008, the US federal government intervened at an unprecedented scale to bailout our largest commercial banks after they became entangled in the mess of risky financial products built on top of an unsustainable housing bubble. The effect of these massive bailouts was, in the end, to preserve the status quo: the modest attempts made to regulate the financial sector to protect consumers and avert further devastating financial crises have largely been rolled back, and the banks that were then “too big to fail” are today even bigger.

Union Group Argues For Public Ownership Of Energy Systems

February 20, 2018 Christine Marie, Socialistaction.org , ,
According to the International Energy Agency and the International Renewable Energy Agency (IEA-IREA), the investment needed to keep global warming below the threshold of two degrees Celsius would have to double the 2016 levels of investment to $600 billion a year and reach $14 trillion invested in solar and wind by 2030. The chances of this happening, under the current paradigm of public-private partnerships that guarantee profits and mitigate risk to private investors, according to the “Working Paper No. 10” authors Sean Sweeney and John Treat, is zero. In fact, they argue, based on a close study of the situation in the UK, that the idea that we can reach safe levels of renewable energy via aid to private profiteers is “the greatest policy failure ever.” Public money, they argue, is already responsible for the vast bulk of the world’s energy deployment.

Diversifying Public Ownership

August 21, 2017 Andrew Cumbers, www.thenextsystem.org , ,
By Andrew Cumbers for The Next System Project - This paper advocates a form of economic democracy based around diverse forms of public ownership. It does not prioritize one particular scale but recognizes the importance of decentralized forms of public ownership, to encourage greater public participation and engagement, mixed with higher level state ownership, for strategic sectors and planning for key public policy goals (e.g. tackling climate change). It takes a deliberately pluralistic definition of public ownership, recognizing both state ownership and the role that cooperatives and employee ownership could play in a more democratic economy. The main aim of the proposal outlined here is to enhance democratic participation and collective knowledge formation in relation to the economy. The paper outlined is premised on the principal that increased privatization of the economy is leading to growing inequalities, inappropriate policy formation, and decision-making in the interest of wealthy elites at the expense of a broader common good. In contrast, there is considerable evidence that greater collective ownership of the economy will lead to more progressive, egalitarian, and socially just outcomes that also offer more effective solutions to critical public policy problems, such as dealing with the effects of climate change.

Anti-Pipeline Protesters Head Back To Court

June 15, 2017 The Sugar Shack Alliance, www.popularresistance.org , , ,
By The Sugar Shack Alliance. Massachusetts - On June 20, eighteen members of the Sugar Shack Alliance who were arrested for civil disobedience at Otis State Forest in Sandisfield, MA, will be having their day in court. At the activists first arraignment for the criminal charges brought against them for blocking tree cutting in Otis State Forest, the state put in a motion to have the criminal charges of disorderly conduct and trespass converted into civil charges. Charges stemmed from protesters blocking the gas pipeline workers' access to a pipeline work site. The hearing on that motion will take place in front of Judge Vrabel on June 20 at 9:00 a.m. at the Southern Berkshire District Court in Great Barrington. Those being tried at the hearing were arrested protesting a the $93 Kinder Morgan Connecticut Expansion Project, a pipeline extension planned for the Massachusetts state forest to store fracked gas that will be used in CT.
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