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 Luke Shankland

Luke Shankland is a South African/Canadian professional with over 20 years of experience in health tech, focusing on scaling impactful health solutions across Africa. As co-founder and COO of Aviro Health, he has led initiatives that have provided digital health...

The Supermarket Lending Shoppers Money for Groceries

From Katherine Latham / Reasons to Be Cheerful: In the United Kingdom, the supermarket Iceland Foods gives out interest-free microloans on pre-loaded cards during school holidays for families to spread out their grocery bills over time when finances are most...

Conversation with Gopal Patel

Gopal Patel is the co-founder and director of Bhumi Global, a non-profit mobilizing Hindu communities worldwide for environmental action. Over the last decade, he has advised global interfaith and environmental initiatives, working to include faith voices in local and international...

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...

Conversation with Allison Duettmann

Allison Duettmann is the president and CEO of Foresight Institute. She directs the Intelligent Cooperation, Molecular Machines, Biotech & Health Extension, Neurotech, and Space Programs, Fellowships, Prizes, and Tech Trees, and shares this work with the public. She founded Existentialhope.com,...

Can Guaranteed Income Prevent Gentrification?

From Oscar Perry Abello / NextCity: In Louisville, community organizers are betting that a guaranteed income program will reduce community violence in disinvested neighborhoods – and protect against displacement of residents. Read the original story here. Find other articles about...