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Contributors: Oetsch, Silke, Dr. (University of Innsbruck)

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Dr. Silke Ötsch is researcher and teaching assistant at the Department of Sociology at the University of Innsbruck since 2009. Her main field of research is financialized capitalism, offshore economy and transformation. She is also active in Attac and the local transition movement.

Scientific paper contribution: Systems of Finance in Transition
Abstract: In this contribution I try to develop a typology of „progressive“ and „conformist“ systems of finance in projects of transition aiming at providing a set of criteria for civil society projects and preventing the political exploitation of progressive movements by conformist forces. By progressive I mean projects that promote the logic of provisioning, whereas conformist indicate those that promote capitalist logic. By literature studies, comparing case studies of enterprises and citizen funded projects and looking at forthcoming regulation such as the directive on European Long-term Investment Funds, I try answer the following questions: Is it possible to identify criteria preventing movements and firms from the „trap of conventionalising“? Do recent movements are aware of these? In which case movements should look for alliances to established players, in which cases they should dissociate?