Keep this in mind!
When we talk about financing, the first thing that comes into our head is banks and savings banks. We all have money we save, and it is used to support a financial system. As conscious consumers, we can decide what kind of economic and investment model we want to support depending on which financial entity we deposit our money with.
An increasing number of schemes are trying to minimise the importance of the financial world in our everyday lives: time banks, exchange networks and even experiments with alternative currencies are part of this trend.
Some questions we can ask ourselves:
What part does money play in my life?
Can I satisfy my consumption needs by reducing the role money plays in them? Do I have knowledge and skills that the labour market does not recognise but that would be useful to the people I know?
It is a useful exercise to put aside the logic of money, which equates work with consumption, and think of the ways in which we could meet our needs as consumers without using money. One option would be to produce certain goods and services ourselves, and another to use exchange networks, time banks and experiments with social forms of currency to place a value on activities that are not recognised by the labour market.
What kind of economy am I supporting with my savings?
Do I know what kind of investment activities my savings are used for by my bank? Am I encouraging speculation or investment in projects with a negative social or environmental impact?
If you don’t agree with certain economic activities which may be encouraged by the use of your savings, look for entities practising ethical and alternative finance. We should insist on transparency and ethical conduct in investment.