Re-imagining Finance

Provocations
Global thinkers reflect on how to reinvent finance as social infrastructure. What would it take to turn financial systems towards shared prosperity and democratic accountability? The provocations below open space for radically rethinking what finance could become.
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What if we moved to Ecologised Finance?
In an ecologised financial democracy, every act that harms or heals the planet would be recorded in a public ecological ledger. Pollution and extraction would register as debts to the Eco-Central Bank, while care, repair, and regeneration would generate credits. Such a system would transform money into a measure of shared responsibility, aligning finance with the cycles of life itself. The Eco-M1 currency would circulate through acts of maintenance and renewal, making care – not extraction – the foundation of value.
by Koray Caliskan -
What if central banks became vehicles of digital democracy?
Central Bank Digital Currencies (CBDCs) such as the digital euro could redefine how money is created and circulated. Designed as public infrastructure, they offer a chance to embed democracy at the heart of finance. Instead of serving private intermediaries, CBDCs could grant citizens direct access to secure, transparent, and accountable monetary systems. If built with participation and inclusion in mind, digital central banking could turn monetary governance into a shared civic institution – a space where finance serves the public, not private power.
by Carola Westermeier -
What if finance could help us rethink the crisis of the male breadwinner?
In Latin America, amid growing precariousness and existential uncertainty, financial products targeting young men are proliferating. These platforms promote a model of masculinity centered on financial risk-taking. In Argentina, this is happening in the context of acute inflation and as part of an anti-feminist backlash actively mobilised by the far-right government. We need to imagine how to counter the way this crisis – accelerated by the pandemic – is being turned into a market opportunity that sells investment tools by reaffirming a masculinity grounded in risk-taking, self-optimisation, and anti-feminism.
by Verònica Gago -
What if cheap cross-border payments could fund the green transition?
Today’s global monetary system revolves around the dollar and has from its inception been geared towards enabling fossil fuel supply and trade. It is vulnerable as it is an expensive way to transact payments that locks countries into dependence on the US. A truly multilateral cross-border payment system offers new opportunities to decarbonise financial flows.
by Jens van ‘t Klooster -
What if we made longevity a common?
Ageing populations are often framed as fiscal burdens, yet financial markets profit from turning life expectancy into a tradeable asset. Pension funds and insurers now speculate on time itself. But longevity could instead become a shared good – supported by financial architectures that circulate care and time collectively. Imagine systems that reward the extension of healthy life as a collective achievement, not a private gain. By aligning finance with the rhythms of living, we could transform longevity from a source of profit into a common resource.
by Giulia Dal Maso -
What if we de-commodified money?
The early crypto community imagined money as a digital commodity. Yet its deeper potential lies in creating peer-to-peer credit systems that treat money as a promise between equals. A truly decentralised central bank could function as a vast network of mutual IOUs – circulating trust rather than extracting profit. By seeing money as a shared infrastructure of cooperation, not speculation, we could turn finance into a living web of reciprocal credit that strengthens communities instead of dividing them.
by Brett Scott -
What if public investment were guided by collective value rather than market value?
Economic value begins with imagination, with how we decide what is worth sustaining.Today, governments rely on value-for-money metrics that turn services, communities, and places into investible assets. Yet state-led models like China’s demonstrate that investment can be justified by long-term collective benefit rather than short-term financial return. This is not about claiming those systems are better or worse, but about recognising that alternative conceptions of value exist. Bringing this perspective into the debate expands our political and economic imagination.
by Imogen Liu -
What if side-hustles became care economies?
In a world obsessed with productivity, even our care has been commodified – branded as wellness and sold back to us. Yet beneath this, networks of mutual aid already thrive: neighbours sharing tools, friends pooling funds, strangers offering time. These quiet exchanges could form the basis of a spontaneous care-based economy. Recognising and supporting their informal circuits of generosity could turn “hustle” culture on its head, redefining value through care, reciprocity, and community rather than competition.
by Rachel O’Dwyer -
What if we deflated assets to collectivise wealth?
Financial assets have become detached from real economic life, growing faster than wages and work. To redistribute wealth meaningfully, we must challenge the inflation of asset values that underpins inequality. Deflating assets – lowering their inflated worth – would erode speculative privilege and loosen private property’s ideological grip. By reducing the financialisation of everyday life, we could redirect value towards shared infrastructures of care, housing, and sustainability. Collective wealth, not capital accumulation, would become the new foundation of prosperity.
by Melinda Cooper -
What if we could reverse historical injustice?
Capitalism compounds the cumulative benefits of past injustice – an increasing ability to gain from pre-existing disparities is the specific form of historical injustice that capitalism adds to all the others. So how do we now reconcile the demand for justice with the irreversibility of time? We can't undo the past by starting over; and we can't lock in the benefits of past injustice as though acknowledging this is itself a new beginning. No, we must seek ways to harvest and redistribute the future value of past injustice so that all that bad history will not have been a waste.
by Robert Meister -
What if we took control of pension fund management?
Pension funds hold vast collective power, yet their investments often reinforce the very inequalities that threaten our future. A democratic reimagining of pension management would align investments with social and ecological wellbeing, not just financial returns. By linking contributions to green and sustainable projects, pension funds could act as engines of social transformation. This shift would also challenge the dominance of large asset managers, positioning pension institutions as a countervailing power in service of people and the planet.
by Natascha van der Zwan -
What if we treated banks as public utilities?
Money touches every aspect of daily life, yet the institutions that manage it remain largely private. Treating banks as public utilities would re-anchor finance in the everyday realities of citizens. Public banking could democratise credit, fund local resilience, and ensure that financial systems serve collective needs rather than speculative gains. This shift would open a broad social dialogue on public money, challenging the dominance of private and shadow banking while restoring finance’s original purpose: to sustain, not exploit, the common good.
by Hendrik Wagenaar -
What else could a platform be?
Silicon Valley social media platforms amplify disinformation, covertly funded climate denialism, bigotry, and mass toxicity. Cyberbullying has become a technique of authoritarian politics. As billionaire tech moguls consolidate influence, their platforms promise everyone a ‘voice’, but one filtered through a financialised reputation system that foments conflict. A different approach would treat platforms as public infrastructure. It would prioritise the repair of social ecologies, and recognise online reputation as a key terrain for shaping more democratic digital worlds.
by Emily Rosamond




MEDIA
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The Future of Collective Finance
Melinda Cooper | Interview
Melinda Cooper, one of today’s most influential political theorists based at the Australian National University, explores what forms of collective finance could emerge if we move beyond the limits of Keynesianism and orthodox ideas of the welfare state. Watch now
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Reshaping Money
Gillian Tett | Video
Gillian Tett, the renowned Financial Times journalist and Provost of King’s College Cambridge, offers a piercing perspective on the current geoeconomic crisis and the role of global finance within it. She examines three pivotal dynamics of our moment – deregulation, de-dollarisation, and digitalisation – and shows how these forces are reconfiguring the meaning and function of money today. Watch now
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The Possibility of Democratic Finance
Natasha van der Zwan | Interview
Natasha van der Zwan, a leading public governance expert at the University of Groningen, examines the deep ways in which finance shapes everyday life and sets out a vision of finance organised for public good. Watch now


