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Economic Justice
YOU decide what gets funded -- a Hands-On Democratic Bank for the Common Good
Challenges Entered:
Common Good Bank™: profits to the community, a social mission with a bank
Common Good Bank™ is a planned online bank that will allow any geographic community to have its own democratic virtual bank easily, simply as a depositor group within Common Good Bank. Depositors in each community will discuss and decide what types of new and expanding local businesses to fund for local self-reliance and sustainability, creating employment for everyone.
Over the course of seven years, Common Good Bank has been collaboratively designed as the framework for a more just economic system. All profits will go to a Community Fund to support schools and other nonprofit organizations -- half locally and half to empower people elsewhere in the world. Depositors in each community decide what to invest in and how to use the bank's profits, using an innovative combination of democratic systems -- an online platform for brainstorming, discussion, and voting.
Location
Common Good Finance Office
PO Box 21
Ashfield, MA 01330United States
42° 31' 16.0716" N, 72° 48' 40.176" W
See map: Google Maps
Social and Economic Justice Indicators
Challenges Entered:
Government data, news feeds, and User-generated content.Users will also post their own stories about issues in their communities and workplaces, which will be tagged by issue, location, and corporate or political decision-makers who can change the situation. Once others have also posted their stories, they will be able to see their issues, the broader context of what's going on in their state or neighborhood or industry and occupation. They will also see others who have a related issue who live in the same area, work in the same industry or occupation, or have problems that are generated by the same corporate entity. The can then get together and work to change these circumstances.
Location
CA
United States
See map: Google Maps
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