(Occupy) After Rahm’s destruction, can Chicago create a cooperative economy?
Enyia should know. A longtime community organizer and policy expert from the city’s Austin neighborhood, she is again running for mayor of Chicago (she made a brief run in 2015) where she promises to not only facilitate cooperative economics citywide but also to begin the process of creating a public bank for the city “on day one” of her administration.
Enyia says a public bank will save on infrastructure, provide loans to small businesses and save the city millions – maybe billions over the long term – in interest rates and fees. It will also protect the city’s revenue from toxic deals like interest rate swaps and derivatives – deals Rahm Emanuel seemed to love like a kid loves cake.