This past week, WEC placed an op-ed outlining how a state-chartered public bank can help us achieve safe, secure jobs and a healthy sustainable environment for New Jersey.
“If the past three months have proven anything in New Jersey, it’s that we need money.
Not “we,” meaning our millionaires and billionaires and Wall-Street backed corporations. “We,” meaning workers. “We,” meaning communities of color. “We” means the poor, the working class and the near-mythical middle class.
“We” means the people hit hardest by the health and economic devastation brought by COVID-19.
“We” have big problems, and you can’t fix big problems without money.
We need the state to invest money into accomplishing good things for the public. To do that most effectively, we need a state-chartered public bank in New Jersey, and we need it fast because it can provide the resources we need quickly and efficiently, and it can stop Wall Street from getting its grubby little mitts on the profits.”