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This week we look at the role of capital, for good and ill, in the struggle for a more just economy. Our lead story shows how a foundation loan (program-related investment) helped scale the nation’s largest bail fund in Brooklyn, New York; the article also addresses the conditions where this kind of support can and cannot work. We also feature a very different story about capital as a media sale further consolidates hedge-fund ownership of local news, making the necessity of nonprofit and co-op models all the more obvious. Another article highlights how changes in legal frameworks in Quebec (Canada) and Andalusia (Spain) facilitate capital access for community-owned firms. Lastly, we feature a video clip from our most recent Remaking the Economy webinar, wherein a panelist relates how capital is just one piece of the puzzle and why access to markets remains an enormous challenge.
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