The idea works like this.

  1. Most major banks provide loans to fund capitalist enterprises.
  2. There aren't any large socialism funders since 1991.
  3. Giving our money to capitalist banks contributes to capitalism.
  4. Chinese banks are an option, but they aren't explicitly pro-fund-socialism.

Thus, a communism bank, would fund communism, such as local organizations and other grass root movements around the world, as "donations" or "loans".

To grow the money invested in the bank, Chinese banks can be used in the background for high yield investments. This allows a smaller amount of dividends to be passed to the bank members, while the rest being skimmed to "donations" and "loans".

So the process works like this.

  1. Initial investors pool money together
  2. Bank is setup with the initial pool
  3. Pool is then added to a Chinese Banks high yield savings account, let's say 5% interest.
  4. New members join, and are promised 3% interest.
  5. 2% leftover interest is split between operation costs, and "donations" and "loans".
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[–] 6 points 1 day ago* (last edited 1 day ago)

I can't see this actually working without a ton of money behind it to begin with. Even then, wouldn't it be much easier for a socialist country to just fund communist movements around the world? Unless you're absolutely gigantic, you generally can't just do that stuff easily.

Wouldn't a better alternative be a local bank to help your community? I remember reading about a city here in Brasil where the locals started a bank with their own currency with the goal of helping everyone get better conditions in the city and it actually worked, inside their community only their money is accepted and it helped them be able to help themselves since the state just completely ignored them.

I'll try to find the article I read about it.

EDIT: Just found an article about it here. It's not actually by city, but rather a community bank in neighborhoods or certain regions of a city, with some favelas being the biggest examples. And I thought there were just a few, but this article talks about around 150 of these community banks with their own social currency just here in Brasil alone.

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