Type: Public event

Banking on a Revolution

Why Financial Technology Won't Save a Broken System


Terri Friedline, Associate Professor of Social Work

Date & time

Mar 11, 2021, 12:00-1:00 pm EST


This is a Virtual Event.

Banking on a Revolution takes the perspective that the financial system needs a revolution—not the impending revolution driven by technology. Studying the various ways the financial system bolsters whites by exploiting and marginalizing Black, Indigenous, and other communities of color, Terri Friedline challenges the optimistic belief that fintech can expand access to banking and finance. Friedline applies the lens of financialized racial neoliberal capitalism to demonstrate the financial system's inherent racism and explores examples from student loan debt, corporate landlords, community benefits agreements, and banking and payday lending. Banking on a Revolution is deeply rooted in theory and research, and it presents new interpretations of the climate crisis, student loan debt, and community benefits agreements and their relationships to the financial system. Banking on a Revolution makes a compelling case for a revolutionized financial system that centers the needs, experiences, and perspectives of those it has historically excluded, marginalized, and exploited.