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Buyouts, not bailouts: public banks as a solution to the next crisis

When the next crisis hits we must reject corporate bailouts and demand a permanent public takeover of failing banks.

By Thomas Hanna
Buyouts, not bailouts: public banks as a solution to the next crisis
Image: Michael Fleshman, CC BY-SA 2.0
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This article is part of ourEconomy's 'Preparing for the next crisis' series.

In July, a series of earthquakes hit the US state of California. After a relatively quiet few years, they were a jolting reminder that parts of the region are prone to seismic activity and overdue for the “big one.” So too has the recent announcement of a yield curve inversion (and other poor economic news from around the world) reminded us that we are now overdue for another financial crisis – which have, in the neoliberal era, typically happened on average every ten years.

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Creative Commons Attribution-NonCommercial 4.0