Cooperative for the Common Good

Project owner: BfG Eigentümer/-innen- und Verwaltungsgenossenschaft eG

Responsible person: Fritz Fessler

2019

2nd Prize

AT

Civil Society / Social Economy

What is it about?
Appreciation of the Jury

Immediately after the recent rejection by the Austrian Financial Market Authority, the reorientation took place. The cooperative for the common good no longer aspires to its own banking licence but works with common good proven bank branches. Intervention at the political level, a system-critical education offer, the diversion of money from the financial to a common-good promoting real economy, an internal structure that follows the sociocratic decision-making model. All this shows the comprehensive innovative concept for social change. So, it does actually exist - the alternative!