TNI’s State of Power podcast

Challenging the powerful

Let us introduce you to some of the fascinating people we work with to help you make sense of the world’s most complex challenges. In this podcast we share our research, explore alternatives to the status quo and give a platform to scholars and activists who are at the forefront of the fight against the current neoliberal order. We believe there are alternatives to this world and hope you do too.

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“Public finance for the future we want”

These podcasts are a series of three, drawn from discussions around an upcoming TNI publication, on how we can build “Public finance for the future we want” curated and edited by Satoko Kishimoto and Lavinia Steinfort.

Episode 3 - On Public Banks

In this episode we explore what role public banks can play in building alternative finance and how they can be democratised; we hear about the case of Belfius bank in Belgium which is facing re-privatization pressures; and we explore the role that art and culture can play in helping people to understand finance.


  • Professor Thomas Marois (SOAS)
  • Frank Vanaerschot (FairFin)
  • Aline Fares (FairFin, Chroniques d'une ex-banquière)

Episode 2 - Wealth From the Ground Up: Cooperative Finance

In this episode we explore three examples of cooperative finance: how a Cooperative Bank in the Basque region of Spain fueled the local economy; how local employee-owned businesses in the United States are experimenting with democratic ownership, and leveraging existing “anchor institutions”; and how a state government program in Kerala, India, has enhanced economic prospects for more than four million women through support for cooperatives.


  • Professor Milford Bateman (Juraj Dobrila University at Pula, Croatia)
  • Thomas Hannah (Democracy Collaborative, Washington DC)
  • Benny Kuruvilla (Transnational Institute, India)

Episode 1 - Money for People and Planet: State Spending as a Source of Public Finance

As banks and other financial institutions lost their grip on financial markets across the world in 2008, governments stepped in and saved the system on the backs of their taxpayers. If they have the capacity to create public money to save the banks, why don’t governments use that same power to help solve problems like debt, poverty and the climate crisis? In this episode Professor Mary Mellor makes the case for governments to pay for public projects through their budgeting process.


Emeritus professor Mary Mellor (Northumbria University, UK)