Kinanya Pijl Archives

Reimagining Extractive Capitalism: Learning from Italy’s Banca di Credito Cooperativo

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.

From an Extractive to a Non-Extractive Economy: Disentangling the Building Blocks of Non- Extractive Economic Practices

University of Oslo Faculty of Law Research Paper No. 2022-39 International and Comparative Corporate Law Journal, Volume 15, 2022, Issue 2, p. 13-34.

This paper articulates the various ways in which organisations can be designed for non-extractiveness, focusing on the organisation’s purpose, revenue model, legal structure, internal distribution of benefits, internal distribution of decision-making power, culture, and environmental and societal impacts. A deep understanding of the various ways these organisations can be non-extractive can inspire lawyers to ensure that law is designed in such a way as to facilitate people and planet thriving in balance.