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Resetting the financial system: A Bank for the Common Good | Christian Felber | TEDxBrussels

Is it possible for banks to be oriented towards the common good? Of course! Banks play a decisive role in the shaping/design of the financial system and this is a decisive factor for a healthy and people-oriented economy. Christian Felber is the initiator of a cooperative Bank in Austria called Bank for the Common Good and author of a prize-winning book on "sovereign money". He shares the insights of how such a bank could operate and why this is a decisive factor that has to be applied worldwide in order to reinvent the financial system from new ground. Christian Felber is an author, university lecturer and contemporary dancer based in Vienna. He has written 15 books, amongst them “Change everything. Creating an Economy for the Common Good” which has been sold 70.000-fold in 9 languages. „Money. The new rules of the game“, which was awarded the getAbstract International Book Award 2014, is the theoretical basis of the Project Bank for the Common Good, which was initiated by Christian in Austria in 2010 and which has been able to collect 2 million euros start-up capital since summer 2015. It seems therefore natural for Christian to speak today about this, i.e., one of his life's passion. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx