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Money & Banking

Tools are hung on a wall of a workshop with different colors overlapping over them.

Election-year debate: “Wish-list economics” or necessary transformation?

The Democracy Collaborative weighs in on “wish-list economics,” making the case that in the face of extreme crises radical solutions are practical solutions. read more
Bank of North Dakota

Celebrating 100 years of public banking

As it celebrates its centennial, activists are looking to the Bank of North Dakota as an example of how to regain democratic control over finance, and in the process confront a myriad of pressing problems, from the climate crisis to gentrification. read more

Social wealth funds as vehicles of economic empowerment

Gabriel Acevero, Jhumpa Bhattacharya, and Matt Bruenig discuss how social wealth funds work and the transformative role they can play in the financial security of individuals and communities. read more
Credit union

Credit unions

Credit unions are financial cooperatives owned by their account holders and can concentrate on maximizing their impact in the community and on the financial well-being of their members. read more
Banking on the People cover

Banking on the People: Democratizing Money in the Digital Age

Fixing our monetary and banking system requires more than tweaks to an obsolete system. This book proposes an overhaul of the monetary system itself—a rethinking of what money is and how it enters the economy. Yet, implementing this level of systemic change, history shows, is not as radical as it sounds. This book looks at how our banking system really works, the inherent contradictions in the model, and why regulation has not worked to fix them. It then explores some new developments and proposes a model that bypasses exploitation for private profit, read more
Element of the Democratic Economy: Social Wealth Fund

Social wealth fund

A social wealth fund embraces the collective ownership of assets to provide services and democratically distribute resources within a society or community. read more
Citizen power

The latent, unused power of citizens—and the production of public collateral

Citizens’ have untapped power to hold financial elites to account—and implement a Green New Deal. That power can be used to transform the balance between the people and the private finance sector. But first, we have to break through the fog surrounding the monetary system. read more
A still from an animated video exploring the community banking model

Putting banking back in the hands of the people: The role of regional cooperative banks in community wealth building

One crucial player in the institutional landscape of all successful examples of community wealth building is a community bank. read more
A HOLC redlining map superimposed on a row of vacant houses

What banks owe communities: Towards a 21st century Community Reinvestment Act

Isaiah J. Poole and Devin Case-Ruchala discuss the future and yet-to-be-fulfilled potential of a landmark community investment law with John Holdsclaw and Gregory Jost, community development experts and practitioners. read more