Democratic Banking Innovation

The form of money administration is as important as the form of money itself. Good Bank Finance, from the same area as Berkshire Bucks, is attempting to reinvent banks as a not-for-profit private bank, controlled by one-vote per shareholder, rather than one-vote per share, where all the profits (post some small dividend) are given to non-profits.

I wonder if there is too much innovation going on with this effort for it to be successful? all the same, i wish them luck and am excited for them to succeed. The banking industry needs more models based on preserving, rather than raping, the collective commons.