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Canadian credit unions and the prospects for a post-capitalist economy

Erin Flanagan & Dennis Raphael

Capital and Class2025https://doi.org/10.1177/03098168251342960article
AJG 2ABDC B
Weight
0.37

Abstract

The growing polycrisis in Canada and elsewhere associated with deteriorating living and working conditions have increased calls for a post-capitalist socialist economy. Among the means of accomplishing this goal is the late Erik Olin Wright’s argument for eroding capitalism by developing alternative economic structures and processes that enable equality and fairness, democracy and freedom, and community and solidarity in a post-capitalist society. In this article, we consider how one of the means cited by Wright for eroding capitalist structures, credit unions, can contribute to this goal. Credit unions are non-profit and member-owned financial institutions that in addition to offering all the services of for-profit banks, usually at lower costs to clients, provide an alternative public ownership model to capitalist finance and privately owned food production and distribution, housing, transportation, and telecommunications. We also propose that in addition to providing a model of collective ownership credit unions can – in collaboration with other social movements – take on a broad advocacy role calling for public policy that more equitably distributes economic and social resources to the population.

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https://doi.org/https://doi.org/10.1177/03098168251342960

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@article{erin2025,
  title        = {{Canadian credit unions and the prospects for a post-capitalist economy}},
  author       = {Erin Flanagan & Dennis Raphael},
  journal      = {Capital and Class},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/03098168251342960},
}

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.16 × 0.4 = 0.06
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.