Democratic capital
“What matters in the world is money, machines and people, in that order. Our political task is to reverse the order.” Keith Hart1 The long established savings and loan institutions are criticised at every point, from the financial models that they operate down to their de-personalised, off-shore call-centres. My argument in this paper is that banking services are anti-social, hierarchical and intensely private. These traditional banking services are, I contend, inherently undemocratic, even anti-democratic at the extremes....