ABSTRACT

This chapter demonstrates the process of democratizing capital, providing greater access to finance for the social and solidarity economy (SSE), calls for many levels and layers of innovation, not least of which is an enabling policy framework. Democratizing capital requires a new mindset in government; it requires dialogue between social actors, including the private sector. The chapter focuses on solidarity finance and how social innovation underlies the financial innovation it represents. Democratizing capital is embedded in a larger process of economic democracy that 'focuses on widening access and control over productive property of all citizens'. Solidarity finance in Quebec is an important example of such a process that has increased its presence on financial markets while providing much needed access to investment capital for the social economy. It is part of a larger process of economic democratization of land, labor, capital (money), and knowledge.