Finance commons challenge private capital accumulation through community banks and local currencies.
Evidence
An illustrative case of collective entrepreneurship, valuing trust and human dignity is finance commons. Meyer and Hudon (2017, 2019) study the emergence of alternative financing projects which aim to support the common good and community flourishing. Finance commons support new ventures that aim to foster commons-based economic practices to promote community regeneration in low-income communities through commons-based financing entrepreneurial projects. These commoning practices challenge the economic model based on the private accumulation of capital (De Angelis 2014). Instead, finance commons propose new self-managed community banks and new currencies, serving local communities to address concrete problems such as unemployment and poverty. — Laura Albareda and Alejo Jose G. Sison, Commons Organizing, 178
Categorization
- XREF: Ties to alternative-monetary theory (e.g. complementary/community currencies literature) and to the finance-commons scholarship of Meyer and Hudon. — connects to: Commons initiatives emerge as entrepreneurial community movements responding to member marginalization. — Laura Albareda and Alejo Jose G. Sison, Commons Organizing: Embedding Common…, 173; Commons organizing generates tensions with markets, regulations, and economic sustainability. — Laura Albareda and Alejo Jose G. Sison, Commons Organizing: Embedding Common…, 193; Blockchain innovation gets co-opted by the very finance institutions it aimed to replace. — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 689 (+1 more)
- SEED: Angle: community self-managed banks and local currencies as a concrete institutional vehicle for the ‘common good’ framework—a ready case study of commons organizing in a financial domain.
- SHARE: Worth sending to anyone studying complementary currencies or community development finance.
- corroborated: 5 independent passages support this claim — Laura Albareda and Alejo Jose G. Sison, Commons Organizing: Embedding Common…, 178
Related
- Commons initiatives emerge as entrepreneurial community movements responding to member marginalization. (similarity 0.80)
Broader Connections
- Commons organizing generates tensions with markets, regulations, and economic sustainability.
#expands(0.80) — Laura Albareda and Alejo Jose G. Sison, Commons Organizing, 193 - Commons initiatives emerge as entrepreneurial community movements responding to member marginalization.
#expands(0.78) — Laura Albareda and Alejo Jose G. Sison, Commons Organizing, 173 - Blockchain innovation gets co-opted by the very finance institutions it aimed to replace.
#qualifies(0.75) — Yanis Varoufakis, Technofeudalism, 689