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Showing posts with the label Ethical finance

A new campaign is born! Banking on something better with MoveYourMoney UK

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I tried to spend Christmas day at the London Occupy camps, but truth be told, I couldn't stay there long and ended up wondering the City instead. Maybe I was just melancholic at spending another solitary Christmas, but I couldn’t help feeling that the original dynamism of Occupy was lost. I sat on the stairs of St. Paul’s and looked at a tent calling for everyone to become a vegan. There’s something slightly futile about that message. There's also something highly prescriptive about it, allowing little space for those who might sympathise in principle with the broad critique of finance, but who don't feel included in the ragtag countercultural facade. The Occupy movement is showing real signs of losing steam, and part of it is simply down to the fact that, when push comes to shove, it doesn't really offer that much to the everyday person. That’s why I’m so pleased MoveYourMoneyUK  arrived on the scene today. The campaign asks people to withdraw their money from the huge...

Suitpossum's Ecologist article No.2: Four strategies of subtle financial subversion

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COMING TO A CINEMA NEAR YOU Last week I got published in The Ecologist. The article was called A four-step guide to bypassing high street banks . This is my second article for the magazine (my first was on food speculation ), and this time the aim was to sketch out how people might engage in financial protest, not by waving placards, but by changing debit cards. Many people agree in principle that major high-street banks have too much power, and that they frequently abuse that power. Nevertheless, many individuals don't necessarily have the time, or inclination, to protest about it directly in the manner of the Occupy protesters. There's been a lot of discussion about how to make financial protest more inclusive (including this piece by Kenth Gustaffson on a type of ‘ virtual occupy movement ’), but perhaps one of the most profound (and often overlooked) forms of protest is to distance yourself from mainstream finance by withdrawing deposits and avoiding using the services. The...