The Founding Role of Cooperative Banking Within the European Variety of Capitalism

Giovanni Ferri and Angelo Leogrande

Chapter Chapter 2 in Contemporary Trends in European Cooperative Banking, 2022, pp 29-54 from Springer

Abstract: Abstract This chapter analyses the relationship between the cooperative banking sector and the European variety of capitalism. Contrary to the idea of Francis Fukuyama, expressed in his book “The End of History and the Last Man”, capitalism shows a great variety of manifestations among different countries. Yet, in spite of heterogeneity across countries, continental Europe—in substance matching the European Union (EU) after Brexit—shows greater propensity to solidarity, compared to the United States and the United Kingdom. Cooperative banks, with their intangible values based on brotherhood, equity and communitarian engagement, remain a socio-economic pillar that supports the EU in its way forward towards the common good, including within the European Green Deal and the Next Generation EU programs.

Keywords: Cooperative Banks; Varieties of Capitalism; Legal Origin Theory-LOT; European Values; Business Ethics; Banking (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-98194-5_2

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DOI: 10.1007/978-3-030-98194-5_2

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