Financial capital is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products. It can also be used to provide their services to the sector of the economy upon which their operation is based. We are most familiar with financial capital when we use money, currencies, securities, and other instruments of the global financial system to purchase goods or services. The current global society focuses enormous amounts of attention on financial capital as it is our primary tool for exchanging goods and services with other humans.
But it can be a powerful tool for oppression, or (potentially) liberation. How can financial capital be used to liberate us? By means of exchanging our financial capital we are choosing a specific entity to back or support. It is our way to express and share with others who we choose to interact and do business with. A good example of financial capital is the Hudson Valley Current, which is a means to share each business or individual’s skills within the community. It is important to be educated when making decisions on which financial capital you want to invest in to ensure it is supportive of the entire community. That is what is so unique about HVC. Not only does using this form of financial capital good for the community, but it also benefits your own business without having to compromise your own cash flow. Start using your financial capital to empower others during this rather tough economic crisis where small businesses are not seeing the support they need. Instead of supporting the larger businesses, reinvest in the products made locally and you will see us bounce back from the oppression of the global financial system.