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 Thomas Legrand

Thomas Legrand is the Lead Technical Advisor for the UNDP-convened Conscious Food Systems Alliance (CoFSA). He holds a Ph.D. in Economics and has 20 years of experience in sustainable land use, climate change, sustainable finance, leadership, and developing inner capacities...

Conversation with Julia Hotz

Julia Hotz is a solutions journalist and author of THE CONNECTION CURE: The Prescriptive Power of Movement, Nature, Art, Service and Belonging, the first book chronicling the science, stories, and spread of social prescribing. Julia Hotz spoke with Ashley Hopkinson...

Conversation with Joshua Amponsem

Joshua Amponsem, a Ghanaian climate activist, is the Co-Director of the Youth Climate Justice Fund initiative and former Climate Lead at the Office of the UN Secretary-General’s Envoy on Youth. With over eight years of experience in climate action, disaster...

Portland group works to make wealth redistribution a reality through real estate

From Tiffany Camhi / OPB: Volunteers of the PDX Housing Solidarity Project are working to redistribute generational wealth through homeownership in Portland. The project connects people with ample resources to Black and Indigenous homebuyers and helps facilitate cash gifts, no-interest...

Conversation with Romain Vakilitabar

Romain Sepehr Vakilitabar is the founder of Pathos Labs, a non-profit laboratory focused on exploring ways in which entertainment and media can rewrite harmful narratives and change culture. One such project is PopShift, an initiative that convenes Hollywood’s leading TV...

Conversation with Linda Shi

Linda Shi is an assistant professor in the Department of City and Regional Planning at Cornell University. Her research concerns how to plan for urban climate adaptation in ways that improve environmental sustainability and social justice. She studies how aspects...