Banks For The People

From Piper French / Noema: Public banks are owned and run by governments, and because they store money for the state instead of individuals, they can invest back into the communities they serve instead of extracting from them in the chase for profits.

Click here to read the full story on Noema.

Issue Areas:

Community Wealth Building, Financial Institutions, Public Banking

Impact Areas:

Creating New Economic Paradigms, Distributed Trust and Power, Redefining Institutions

Actors:

Government, Lending, Banking, and Financial Institutions, Workers / Labor Unions

Communities Served:

—

Strategies:

Trust in Institutions

Success Factors:

Community Control and Ownership, Cultivating Collaborations, Eliminating Barriers, Empowering People, Expanding Access, Practicing Human Centered Design, Providing Cash Instead Of Goods/Services, Remixing The Talent Pool, Using Creative Financing

Geographic Region:

North America

Countries:

United States

Date:

March 2, 2023

More Resources:

Conversation with Steve King

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Conversation with Matt Prewitt

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Conversation with Gary Cohen

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New data shows success of Durham’s guaranteed income program

From Sarah Krueger / WRAL News: Step Up Durham’s Guaranteed Basic Income Program gives 109 people who were formerly incarcerated $600 a month, no questions asked. The purpose of the monthly payments is to help people who may need extra...

Conversation with Pedro Tarak

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...

Conversation with Avriel Diaz

Avriel Diaz co-founded and serves as the president of Walking Palms Global Health, an organization focused on building community resilience amidst climate and environmental disasters. She has dedicated years to forming international transdisciplinary partnerships aimed at enhancing community resilience in...