Tag Archives: Community ownership

After Piketty, the ownership revolution

After Piketty, the ownership revolution
Now that the first round of intellectual debris left in the wake of French economist Thomas Piketty’s explosive best-seller “Capital in the Twenty-First Century” has begun to settle, it may be time to look more closely at the gaping hole it has left not only in political-economic analysis but also in conventional political strategy. After Piketty documented long-running trends that have turned over ever-increasing shares of national income ... Read more

Mutuals have always been a longstanding force in banking

Mutuals have always been a longstanding force in banking
On this day 12 months ago, a downgrade by ratings agency Moodys started a process that led to the end of full co-operative ownership of the Co-operative Bank. It wasn’t the only mutual bank by any means, but to look beyond the story of the year that followed, it is helpful to look back. What role do mutuals play in banking? Well, a mutual savings bank is a bank which takes savings deposits from its members, who are also the owners and makes ... Read more

The Clippers, and other sports teams, should be publicly owned

The Clippers, and other sports teams, should be publicly owned
Sports in particular is an area where public ownership and democratization seem eminently reasonable to many Americans. Even Republican stalwart Newt Gingrich thinks the Clippers should be “sold to the people” and touts the example of the Green Bay Packers, an iconic football franchise owned directly by the community. Teams often receive a combination of tax breaks and subsidies to keep them from leaving to more welcoming cities. (Sterling ... Read more