Post by hasan77 on Feb 14, 2024 23:29:42 GMT -6
With private economic inequity at a high, public financing for community health and wealth is more important than ever. By Wolfgang Hoeschele October 20, 2018 image Shutterstock GreenBiz Collage Close Authorship Excerpted from "Sharing Cities: Activating the Urban Commons" (Shareable, 2018), by Shareable, licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Today we constantly hear grievances about there not being enough money for this or that beneficial cause. But at the same time, many people have huge privately managed assets that finance all kinds of ventures through retirement investments — some of which they would probably not wish to support.
We often keep these funds out of fear for our long-term security. What would happen if people mobilized these vast assets in shared projects to create a better and more stable Fiji Email List future in their own communities? By pooling citizens’ wealth for community purposes rather than simply for the highest returns, money and credit can be made much more abundant to ordinary people. Finance enables communities to flourish, to pool their commonwealth, to share and thereby reduce risk, and to achieve objectives that individuals cannot achieve alone. The tools to implement this imagined future already exist. Finance of this kind funds projects that do not offer quick returns on investment, but are immensely important for our continued well-being and the stability of natural ecosystems.
Needs-oriented finance takes public needs seriously, which also means that benefits and risks are shared equitably. This is only possible if all people involved share in the ownership, responsibility and decision-making. The case studies in this chapter present solutions to realize this vision of shared finance in cities. The selected cases are meant to cover the main actors at the level of the city — that is, citizens, businesses, financial institutions and the local government. Furthermore, we have tried to cover many aspects of finance — including the creation of money, savings and investments, and mutual security.
We often keep these funds out of fear for our long-term security. What would happen if people mobilized these vast assets in shared projects to create a better and more stable Fiji Email List future in their own communities? By pooling citizens’ wealth for community purposes rather than simply for the highest returns, money and credit can be made much more abundant to ordinary people. Finance enables communities to flourish, to pool their commonwealth, to share and thereby reduce risk, and to achieve objectives that individuals cannot achieve alone. The tools to implement this imagined future already exist. Finance of this kind funds projects that do not offer quick returns on investment, but are immensely important for our continued well-being and the stability of natural ecosystems.
Needs-oriented finance takes public needs seriously, which also means that benefits and risks are shared equitably. This is only possible if all people involved share in the ownership, responsibility and decision-making. The case studies in this chapter present solutions to realize this vision of shared finance in cities. The selected cases are meant to cover the main actors at the level of the city — that is, citizens, businesses, financial institutions and the local government. Furthermore, we have tried to cover many aspects of finance — including the creation of money, savings and investments, and mutual security.