Good Local Economics
The community finance revolution
As a new pilot attempts to join up the dots of community finance, Clare Goff asks whether the time is ripe for an alternative finance revolution
‘Money is round and it rolls away’, a wise person once said. In our local economies a lot of money is rolling away, into the pockets of payday lenders, large finance and big business. Doorstep lenders prey on the vulnerable, sucking them into a lifetime of debt; detached and distant banks refuse loans to small and new businesses; money rolls out of local areas, trapping places in a spiral of poverty and inertia.
Q & A with Ed Whitfield: ‘Capitalism is losing the argument’
Ed Whitfield is co-managing director of the Fund for Democratic Communities, based in Greensboro in North Carolina. He talks to New Start about re-learning democracy, building new economic models, and the beginning of the end for capitalism.
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