Politics and Policy in Transition Webinar Series – Public Banking: A Way to Finance Transition

Tuesday, March 17, 2020 - 11:00am - 12:30pm
Part of the Politics & Policy in Transition Webinar Series. This series is hosted by the Transition US Politics & Policy Working Group. We have designed it to share successful models of policy approaches and political engagement that local Transition Initiatives and other community groups can take to begin transforming their local economic, social, cultural, ecological, and political systems. Each webinar will be devoted to a specific topic or example and hosted by people centrally involved in it. The goal is to share our stories with each other to deepen our own existing work and to brainstorm new initiatives to spread the Transition message as far and wide as we can!

Privately-owned banks operate to maximize shareholder profit, and often invest in projects that accelerate the climate climate crisis and exacerbate income inequality in pursuit of short-term profits. 

A public bank is operated in the public interest, owned by the people through their representative governments. They are mandated to serve a public mission reflecting the values and needs of the public it represents. A Public Bank literally puts people and the planet before profit.

This webinar will explore what a Public Bank is, and use the example of the successful passage of the California Public Banking Act as a case study.  

David Cobb serves on the Transition US Collaborative Design, the Board of Cooperation Humboldt, the Board of the US Solidarity Economy Network, and is a member of the California Public Banking Alliance. He is a "people's lawyer" who has sued corporate polluters, lobbied elected officials, run for political office himself, and been arrested for non-violent civil disobedience. He believes we must provoke—and win-- a peaceful revolution for a peaceful, just, sustainable and cooperative society if we are to survive.

David was born in rural Texas and worked as a laborer before going to college and Law School. He maintained a successful law practice in Houston for almost a decade before devoting himself to full-time social change efforts.

In 2002 David ran for Attorney General of Texas, pledging to use the office to revoke the charters of corporations that repeatedly violate health, safety and environmental laws. In 2004, he ran for President of the United States on the Green Party ticket and forced a recount in Ohio that helped launch the Election Integrity movement. 

In 2010 he co-founded Move To Amend, a campaign for a constitutional amendment to abolish the illegitimate, court-created doctrines of "corporate constitutional rights" and "money equals speech." In 2016 he served as the Campaign Manager for Jill Stein's presidential campaign.


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