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Democratizing Finance: A hybrid mini-workshop with Michael A. McCarthy
To participate in person, please register on the website of the event.
For online Participation, here’s the link and meeting login data:
Workshop participation via Zoom:
https://hu-berlin.zoom-x.de/j/69695476478?pwd=Rh0ZIZevxZoqXZiH9pea42lHTVbq8j.1
Meeting ID: 696 9547 6478
Passcode: 800441
The description is taken from the organizer’s website:
“Co-organized with Christoph Sorg (HU Berlin) and Solveig Degen from the „Socialization in Theory and Practice“ Research Project.
Topic:
Why is democracy so broken and how might it be fixed? In The Master’s Tools: How Finance Wrecked Democracy (And a Radical Plan to Rebuild It) , Michael A. McCarthy argues the answer can be found in the flows of credit and investment bound up with finance capital. Today, finance guides and constrains our politics, but there is no reason why this must be so. In this workshop, McCarthy will develop a political and social theory of institutional transformation rooted in the interconnectedness of finance and democracy. Inspired by ancient Athens, where small groups chosen by lottery were used to ensure democratic participation, he shows how democracy and working-class power can be strengthened by introducing new forms of financial governance, focusing on the inclusion of historically excluded groups. His proposals for democratic financial institutions point the way to imbuing finance with a socio-environmental purpose and the funding of a just green transition, social housing, and other necessary public goods. And these financial institutions might be the first step toward a whole new kind of economy.
Background reading:
Sorg, Finance as a form of economic planning
McCarthy, Politics of Democratizing finance”
Program:
- Short welcome from the organizers
- 45 min presentation of the book by Micheal A. McCarthy
- 10-15 min break
- 90 min comments and open discussion