Emeritus Prof Christopher May on Nostr: Around the world 1115 Public Banks (owned by the state) have assets of over $91 ...

Around the world 1115 Public Banks (owned by the state) have assets of over $91 trillion... whether they act in the interests of the public is at least partly shaped by whether there is any form of democratic accountability.

However, it is very much a mixed ecology with a range of missions and foci.... this helpful two page briefing lays out the shape of the sector for those who are less familiar with these institutions.

#economics #PublicBanks #democracy

https://publicbanking.mcmaster.ca/app/uploads/2024/09/PBP_EB_2024_02.pdf