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 Alana Boone

Alana Boone is a Social Policy Officer for the city of Brugge in Belgium, Europe. She works on a local level on policies promoting preventative health, long-term care policies, and age-friendly cities. Alana Boone spoke with Ashley Hopkinson on April...

Conversation with Jack Henderson

Jack Henderson is a digital democracy researcher with RadicalxChange Foundation, the ERC’s BlockchainGov project, and the Coalition Of Automated Legal Applications. He holds a degree in economics from Princeton University. Jack Henderson spoke with Ashley Hopkinson on February 21, 2024....

Conversation with Rodrigo Pacheco

Rodrigo Pacheco is an Ecuadorian chef who attracted the attention of the world through his culinary art and his innovative project “The largest Biodiverse Edible Forest in the world” that he develops as Executive Director of the Bocavaldivia Foundation, to...

These Local Governments Are Using Federal Aid to Cancel Medical Debt

From Oscar Perry Abello / Next City: With funding from city governments, the nonprofit RIP Medical Debt acquires and cancels medical debt by negotiating directly with hospitals. The only requirement is being under 400% of the federal poverty line and...

Conversation with Sean Watson

Sean is the Chief Executive Officer of the Mountain Hazelnut Venture Private Limited in Bhutan. With innovative financing, Mountain Hazelnuts partners and innovates with smallholder farming households and community groups throughout Bhutan to generate long-term income, revitalize vulnerable communities, and...

Conversation with Sheeza Shah

Sheeza Shah is Founder and Managing Director of UpEffect, a crowdfunding and social impact consultancy shaping a benevolent economy through equitable finance and strategy. Sheeza has spent the past decade in the tech, non-profit, and social enterprise world project managing...