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Manage episode 301237150 series 2679668
By David Bollier and The Schumacher Center for a New Economics. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Among millions of Black women in Africa, the Caribbean, and North America, ROSCAs, or 'rotating savings and credit associations', are trusted alternatives to racialized, exclusionary systems of formal banking. The self-organized, informal pooling of money among friends and neighbors offer a way to help people amass the money to buy a used car, pay for school, and meet other household expenses. Professor Hossein of the University of Toronto at Scarborough, in Ontario, Canada, discusses the resourcefulness and resilience of the Black social economy despite attacks by many state authorities and mainstream banks.