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Reimagining democratic public ownership for the twenty-first century

By: 
Thomas Hanna and Mathew Lawrence

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, misogyny, and xenophobia, and emboldened neo-fascism and right-wing populism, to name a few.  The entwined crises we face share a deep-rooted common cause: the undemocratic, inequitable, and extractive nature of our economic system. Despite the veneer of a prosperous recovery from the great financial crisis a decade ago many people rightly feel the economy no longer works for them and this is contributing to a deep popular disenchantment and realignment that is reconfiguring our politics and societies.