About the Banking and Financing Theme
The current global banking and financing system has failed us, creating havoc with national and regional economies as well as leading to real-life personal tragedies in lost jobs and lost homes. How might an alternative system be structured to promote long-term sustainable development rather than short-term value? Presentations will include talks on public, cooperative, and community banking, citizen-organized community financing programs, radical impact investing, and the role of government in financial reform. The banking and financing section of the conference is sponsored by the Capital Institute, whose President is John Fullerton.
For information about the workshops, please consult our workshop page which will be updated as information becomes available.
Watch videos, read articles, and explore blogs and websites.
- PDF: "Report on the 2011 Good Banking Summit" --- New Economics Foundation
- Video: “How Investing Locally and Building Local Stock Exchanges Translates to Financial Rewards, Jobs, and National Well- Being.” — Michael Shuman
- Lecture: “Local Stock Exchanges; The Next Wave of Community Economy Building”
- Video: “Microcredit and Rewarding Community Investors” — Robert Egger
- Blog: “What is Microlending?” --- David B. Hayes
- Video: News Report on Berkshares Local Currency System
- Talk: "Investing in Worker" - Juliet Schor
- Global Alliance for Banking on Values - Global Alliance
- Why We Need More Business History - David Boyle
- Article: "Home-Grown Businesses: The Role of Grassroots Financing" -- YES! Magazine
- Video: "Crisis of Capitalism" - RSA
The annotated bibliography contains more scholarly and technical materials related to this theme. Download a pdf of the Banking and Financing annotated bibliography here.
Our staff has compiled book lists on each conference theme on WorldCat.org, a catalog of libraries around the world. Use WorldCat to locate a book at a library near you. Explore the Banking and Financing a New Economy book list.
Report on the 2011 Good Banking Summit
by the New Economics Foundation
Three years on from the full outbreak of the banking crisis, a unique range of leading figures from academia, finance, politics, the law, consumer and civil society groups gathered in London, alarmed at the failure of banking reforms so far. Over 100 experts representing more than 60 organisations attended to address the question, ‘what would a good banking sector look like and how do we get there?’...see PDF
TED talk on Local Stock Exchange Stimulus Packages
by Michael Shuman
Local Stock Exchanges: The Next Wave of Community Economy Building
by Michael Shuman
Approximately 58 percent of the Gross Domestic Product is made up of place-based businesses and institutions—that is, entities that don’t move globally, such as small businesses, nonprofits, and governmental agencies. More than half of the competitive economy is place-based, and yet we are investing almost none of our savings in it. All of us, even locavores like you and me, are over-investing in the Fortune 500 companies we distrust and under-investing in the local businesses we know are essential for community well-being. This is what even economists might drolly call a “misallocation of resources ...read more
TED talk: A Return on Investment Formula for Supporting Community
by Robert Egger
Blog Entry on the Basics of Microlending
by David B. Hayes
In the simplest terms, microlending is the practice of making small and unconventionally secured loans to those generally outside the banking system. That is: for people without collateral, a credit history, or demonstrable employment, it’s a way that they can get additional money to finance their small business. As you could probably expect, this is done primarily in “third world” countries, where there are a number of people without access to conventional banks...read more
Berkshares on Fox News
Global Alliance for Banking on Values
by Global Alliance
I want to do three things this evening, if you will allow me. First, to talk about business history. Not so much business history, perhaps, as the history of businesses and why I believe it is so neglected and so important. Second, to tell the story briefly of some of the great British brands that rose and fell...
Although no hard data exist, the number of businesses relying on their customers and neighbors for financing appears to be on the rise. Just as CSAs have played a key role in the rebirth of small-scale farms, so too may community-supported enterprises (CSEs) help seed a new generation of independent grocers, bookstores, and other neighborhood businesses.
RSA Animated Short: Crisis of Capitalism
In this short RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism, towards a new social order that would allow us to live within a system that could be responsible, just and humane.
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