Banking on a Revolution
Why Financial Technology Won't Save a Broken System
Seiten
2021
Oxford University Press Inc (Verlag)
978-0-19-094413-1 (ISBN)
Oxford University Press Inc (Verlag)
978-0-19-094413-1 (ISBN)
This book is a series of essays, deeply rooted in theory and research, describing how the financial system is designed to advantage white people. While many people believe that technology can be used to extend advantages to Black and Brown people, this book takes a skeptical view of technology and describes how grassroots social movements are changing the financial system.
Can grassroots social movements impact the financial system?
Technological advancements are poised to completely transform the financial system, and soon it will be unrecognizable. Banks are increasingly using financial technologies ("fintech") to deliver products and services and maximize their profits. Technology enthusiasts and consumer advocates laude the field for its potential to expand access to banking and finance. However, if history is any indication, fintech stands to reinforce digital forms of redlining and enable banks' continued racialized exploitation of Black and Brown communities.
Banking on a Revolution takes the perspective that the financial system needs a revolution-not the impending revolution driven by technology. Studying the various ways the financial system bolsters whites by exploiting and marginalizing Black and Brown communities, Terri Friedline challenges the optimistic belief that fintech can expand access to banking and finance. Friedline applies the lens of financialized racial neoliberal capitalism to demonstrate the financial system's inherent racism, and explores examples from student loan debt, corporate landlords, community benefits agreements, and banking and payday lending. Banking on a Revolution is deeply rooted in theory and research, and it presents new interpretations of the climate crisis, student loan debt, and community benefits agreements and their relationships to the financial system. The book makes a compelling case for a revolutionized financial system that centers the needs, experiences, and perspectives of those it has historically excluded, marginalized, and exploited.
Can grassroots social movements impact the financial system?
Technological advancements are poised to completely transform the financial system, and soon it will be unrecognizable. Banks are increasingly using financial technologies ("fintech") to deliver products and services and maximize their profits. Technology enthusiasts and consumer advocates laude the field for its potential to expand access to banking and finance. However, if history is any indication, fintech stands to reinforce digital forms of redlining and enable banks' continued racialized exploitation of Black and Brown communities.
Banking on a Revolution takes the perspective that the financial system needs a revolution-not the impending revolution driven by technology. Studying the various ways the financial system bolsters whites by exploiting and marginalizing Black and Brown communities, Terri Friedline challenges the optimistic belief that fintech can expand access to banking and finance. Friedline applies the lens of financialized racial neoliberal capitalism to demonstrate the financial system's inherent racism, and explores examples from student loan debt, corporate landlords, community benefits agreements, and banking and payday lending. Banking on a Revolution is deeply rooted in theory and research, and it presents new interpretations of the climate crisis, student loan debt, and community benefits agreements and their relationships to the financial system. The book makes a compelling case for a revolutionized financial system that centers the needs, experiences, and perspectives of those it has historically excluded, marginalized, and exploited.
Terri Friedline, PhD, is Associate Professor of Social Work, Faculty Director at the Center on Assets, Education, and Inclusion, and Faculty Affiliate at Poverty Solutions at the University of Michigan. She is also a Research Fellow at New America and an appointed member of the Consumer Financial Protection Bureau's Academic Research Council (ARC). Friedline conducts research on financial system reforms and consumer protections to ensure that households and communities have access to safe and affordable financial products and services. Her research has examined affordability, racial disparities, predatory policies and practices, and the rise in financial technology.
| Erscheinungsdatum | 15.01.2021 |
|---|---|
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 239 x 155 mm |
| Gewicht | 590 g |
| Themenwelt | Sozialwissenschaften ► Pädagogik ► Sozialpädagogik |
| Sozialwissenschaften ► Soziologie | |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 0-19-094413-7 / 0190944137 |
| ISBN-13 | 978-0-19-094413-1 / 9780190944131 |
| Zustand | Neuware |
| Haben Sie eine Frage zum Produkt? |
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