Positive Money

Positive Money is a non-profit organization campaigning for fundamental reform of the money system. They advocate for a shift in how money is created, arguing that it should be a public utility controlled by democratically accountable institutions rather than private banks. Their core proposal involves enabling governments to create money interest-free for public investment, such as funding green infrastructure or social programs. Recent news highlights their relevance as they join broader calls for financial policy changes. For instance, following reports of significant bank profits, campaigners like those associated with Positive Money have renewed calls for a windfall tax on banks to fund initiatives addressing the cost of living crisis. Furthermore, their focus on environmental sustainability aligns with developments like the Bank of England's decision to stop accepting bonds linked to coal for key loans, a move celebrated by climate activists. Positive Money's ongoing work remains significant as it pushes for systemic changes to create a more equitable and sustainable economy, particularly in the context of economic challenges and the urgent need for climate action.