Blog Post – ‘Reimagining Extractive Capitalism: Learning from Italy’s Banca di Credito Cooperativo’


N-EXTLAW’s Laetitia Bornscheuer and Kinanya Pijl have written a blog post on ‘Reimagining Extractive Capitalism: Learning from Italy’s Banca di Credito Cooperativo’, published on the Amsterdam Centre for Transformative Private Law Blog this afternoon.

In this blog, Laetitia and Kinanya take Italy’s Banca di Credito Cooperativo (location Valdarno Fiorentino) as an example of a non-extractive economic practice and discuss the various ways it demonstrates how we can reimagine capitalism and transition towards a non-extractive economy.

Through an exploration of the importance of the mutuality principle, community-centricity and pursuit of social inclusion within Banca di Credito Cooperativo, Laetitia and Kinanya discuss how BCC operates as a socially and environmentally sustainable bank and how this may serve more widely as inspiration for rethinking both the purpose and meaning of banking within society.

Make sure to give Laetitia and Kinanya’s post on the Transformative Private Law Blog a read by clicking the button below!

Leave a comment