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Investing in radical change

The future of Canadian public banks

Bibliographic Data

ID12052005
AuthorsJoy Schnittker (0009-0006-6626-1053, McMaster University, corresponding author)
Year2023
Volume104
Issue1
Pages22-43
Publication date2023-01-02
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueStudies in Political Economy (JOURNAL)
Journal identifiersISSN: 0707-8552 • E-ISSN: 1918-7033
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/07078552.2023.2186012
OpenAlexW4366682937
LanguageEN
References cited42

Multiple overlapping crises, such as the Global Financial Crisis, the COVID-19 pandemic, and climate change, have exposed the deficiencies of a market-led political economy. Financialization and the dominance of a private financial system are deeply implicated as causes and therefore cannot realistically be part of the solution. A rejuvenated public sector is needed to institute massive and targetted funding, and the role of public banks should be a central component as alternatives to neoliberal financial capitalism are devised

Business · Capitalism · Climate change · Dominance (genetics · Economic policy · Economics · Financial crisis · Financial system · Financialization · Global public good · Keynesian economics · Market economy · Neoclassical economics · Political economy · Political science · Politics · Public good · Banking stability, regulation, efficiency · Canadian Policy and Governance · Housing, Finance, and Neoliberalism

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