In today’s Economic Democracy Weekly, we look at the many intersections between community finance and economic justice. First, in our latest Truth to Power column, Oscar Perry Abello, author of The Banks We Deserve, talks about how banking became separated from local communities—and how to remedy that. We follow that with an excerpt from his book that documents how big banks’ rise occurred and how that impacts communities today. Next, Chrystel Cornelius of Oweesta, a Native CDFI intermediary, writes about how Native communities are standing up and mobilizing to protect their community financial institutions. Finally, we close with an article on the nuances of community finance—and why lending terms matter at least as much as the distribution of capital.
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