As the gross inequality between the top 1/10th of 1% and ordinary working people worsens, our state and municipal governments often turn to privatization to combat budget shortfalls due to shrinking tax bases. These efforts often put control of public services in disadvantaged neighborhoods into the hands of corporations, and only offer a short-term fix for municipal and state budgets. These issues are exacerbated as Wall Street banks extract large fees from our state government, little of which is reinvested back into the state of New Jersey.
Join LEARN, in partnership with the Work Environment Council and the Public Need over Corporate Greed campaign, to learn about a potential solution to this economic spiral: public banking. In this workshop, Walt McRee, chair of the Public Banking Institute, and Joan Bartl, state coordinator, two nationally-recognized experts and advocates of public banking, will review the history and theory of state banking, and detail the benefits and risks of establishing a public bank in New Jersey. If you want to understand what money is, how banks work, and how a state bank might improve the lives of all New Jerseyans, this workshop is for you.
The event will be held Friday, May 5th from 12:30 to 4:00pm at the Labor Education Center in New Brunswick.