Instead of establishing a redistributive tax system to secure resources for national development, Governments call in the financial sector while implementing austerity policies. As social provision is increasingly being privatised and given insufficient public resources, institutions like hospitals are issuing bonds to raise funds. Sustainable, green and gender bonds are attracting global investors who determine where to invest and for how long, thereby having a say in the design and objectives of public policies at the domestic level.
The increasing reliance on asset-based welfare and private finance to address public needs weakens democracy, as decisions about public goods and services are increasingly controlled by private investors.
In this project we navigate all these issues and wonder what a feminist approach to finance.