The Green New Deal won't get far if it's left hostage to the whims of private finance. We need to set up public banks and democratize the Federal Reserve.
Thomas M. Hanna is research director at the Democracy Collaborative and the author of Our Common Wealth: The Return of Public Ownership in the United States.
The US has a surprisingly large amount of public ownership. But in order for it to truly serve the social good, it must be expanded — and democratized.