Cooperative for the Common Good

Platform for financial services supporting the common good

2nd Prize

winner audience 8
Civil Society/Social Economy
Fields of action:
Adult education / Awareness raising
Age of the target group:
all age groups
Gender of the target group:
all genders
Project owner:
BfG Eigentümer/-innen- und Verwaltungsgenossenschaft eG
Responsible person:
Fritz Fessler
Votes in total: 326

What is it about?

The Cooperative for the Common Good is the platform for people and organizations interested in and orientated at fostering the common good around the topic money and finances. Money should again serve the people and turn from an end to itself to a means. In order to achieve this, we offer concrete alternative financial, educational and democratic services.

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!