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Left Out creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.
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Now displaying: Page 1
Apr 24, 2019

On this episode, Left Out's Paul Sliker & Dante Dallavelle speak with Raúl Carrillo of New Economy Project and Tousif Ahsan of NYPIRG about the coalition effort to bring a public bank to NYC as part of a broader vision for economic and racial justice; commercial vs. public banking models; and how public money can work for the public good.

Timestamps of topics discussed:

  • Introduction to Raúl Carrillo (2:08) 
  • Intoduction to Tousif Ashan (4:58) 
  • What is the New Economy Project and Public Bank NYC coalition? (9:18)
  • Bigger picture: What is wrong with the current banking system and what is the case for public banking as an alernative? (13:36)
  • How a public bank would work in New York City: legally, financially, and economically (15:09)
  • Relationship with individual depositers: public banks versus commerical banks (21:41)
  • Listener question: Will public banks replace private commercial loans to companies?  (Plus: What’s the model for governance to make sure that the public’s money stays in the hands of the public?)  (23:17)
  • How different cultures have different relationships between people and the resources they generate (27:53)
  • On redlining and how banks "lend" money (29:18)
  • Existing public banking models vs. the Public Bank NYC model (33:12) 
  • A public bank as a nonpartisan project/institution (35:28) 
  • The relationship between big banks and alternative lending (38:55)
  • The structural effects of a public bank in NYC and how it might disrupt how existing commerical banks operate (41:18)
  • What are the biggest struggles and challenges to bringing a public bank to NYC? (44:45) 
  • Tactics for educating and promoting the concept and creation of a public bank (46:19)
  • Grassroots organizing for a public bank and the issue of scale (48:18) 
  • How to get involved in organizing and supporting the coalition for a public bank in NYC (50:20)
  • Organizing for a public bank in your community (52:17)

To learn more, support, or get involved in organizing with the Public Bank NYC coalition, please visit: www.publicbanknyc.org

Follow on Twitter: @PublicBankNYC

Follow on Twitter: @RaulACarrillo

Follow on Twitter: @NewEconomyNYC

Follow on Twitter: @NYPIRG

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