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

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Contemporary Trends in European Cooperative Banking

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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.

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Author information

Authors and Affiliations

  1. LUMSA University of Rome, Rome, Italy

    Giovanni Ferri

  2. LUM University Giuseppe Degennaro, Casamassima, Italy

    Angelo Leogrande

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  1. Giovanni Ferri
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  2. Angelo Leogrande
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Editors and Affiliations

  1. IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School), Paris, France

    Marco Migliorelli

  2. IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School), Paris, France

    Eric Lamarque

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Ferri, G., Leogrande, A. (2022). The Founding Role of Cooperative Banking Within the European Variety of Capitalism. In: Migliorelli, M., Lamarque, E. (eds) Contemporary Trends in European Cooperative Banking. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-98194-5_2

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  • DOI: https://doi.org/10.1007/978-3-030-98194-5_2

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  • Publisher Name: Palgrave Macmillan, Cham

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  • Online ISBN: 978-3-030-98194-5

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