Expanding public, democratic ownership
The Green New Deal requires a complete transformation of the structure and principles of our economy. The prevailing neoliberal ideologies of private ownership, value extraction and profit maximisation form the root of the crises we face - of climate change, economic inequality, housing, biodiversity, and international and intergenerational inequity. The Green New Deal therefore requires new and alternative forms of public and community ownership which would prioritise shared, public wealth as a precondition for counteracting the ideologies of the ‘free market’ and private ownership.