Economic Justice


This wikipage shares information relevant to the topic of economic justice.
Please scroll down to find wikilinks and content on

1 - Fairtrade
2 - Alternative Economies, and
3 - Debt

Resources (English)
To Encourage a NON-CONSUMERISTIC Christmas -





LETTER TO G20 LEADERS

COPY OF LETTER SENT TO PRESIDENT OBAMA:


ADDRESSES -

The Economic Justice Working Group (EJWG) is encouraging a campaign of letters from elected leaders of congregations/orders to the G20 Heads of State before their Mexico meeting in June 2012. The purpose of the letter is to urge that G20 leaders affirm a FINANCIAL TRANSACTION TAX TO SUPPORT DEVELOPMENT. Send letters to as many as possible of the G20 countries in which your congregation members live and minister. (Anyone may send similar letters to the G20 also.) A cover letter to elected leaders of congregations/orders and the model letter (for adaptation) to Heads of State are available in several languages in the near future below. Addresses of G20 Heads of State are also provided below. (Letter to the Superiors General below letter to G20)...



ENGLISH
ESPANOL
FRANCES
ITALIAN
PORTUGUESE
JAPANESE
GERMAN



LETTER TO SUPERIORS GENERAL

ENGLISH
ESPANOL
ITALIANO
PORTUGUESE











FAIRTRADE ‘BEST PRACTICE’

The Congregation of the Little Servants of the Sacred Heart
Good Shepard Trading Network


ALTERNATIVE ECONOMIES

Local Currency – See Wikipedia at - http://en.wikipedia.org/wiki/Local_currency

Alternative Economies - a Compilation by Seamus Finn OMI

February 17th 2010: Presentation on Alternative Economic Activity - by Fr Seamus Finn OMI - to the JPIC English Promoters group.


Attached the presentation shared.


Fr. Seamus Finn OMI - Investment Consultant and Director of the OMI JPIC for US Province presdented an overview of Alternative Economies and Initiatives for Economic Justice.



Below an excerpt from minutes taken at the JPIC meeting relating to that presentation (Above the presentation made)

The following points featured in his presentation :
· The global financial system is operating all the time, 24 hours .
· The book Right Relationship talks about building a whole earth economy in which each takes no more than needed and in which we move from endless production to providing only what is needed.
· Economic literary is vital for all members not only for treasurers and financiers. Majority of our membership is left in the lurch when it comes to economic matters. Economic literacy is not merely about figures and numbers but about the basic and fundamental question of what is the economy for, what are its aims and objectives. It’s about understanding inputs and outputs and their impact. Alternative economic activities are movements that started along side the predominant economic system . Caritas in Veritate seems to indicate this when it presents an economy of communion which is asking for more room and recognition.
· He showed three examples of alternative investment in a religious congregation he is working with. Alternative investment is about risks and returns.
· We need to ask what banks we are using. Who are they lending money to? For small arms, for nuclear arms? For polluting environment?
· Micro finance focused on peoples and economies at the bottom of the pyramid and lend to build clean technology, community development, basic infrastructure etc.,
· He explained briefly Global Solidarity Forest Fund, its history, nature and activities.
· Charity alone is not the answer nor is market alone the answer, he said.
· People want dignity not dependence.
· He gave some useful web links for reference

Fr. Seamus, after presenting his topic received questions.
A question was raised on the impact of boycotts and disinvestment. The context of this question came from a recent talk given by Rabbi Jeremy Milgrom from Rabbis for Human Rights movemen (reference: http://jpicformation.wikispaces.com/EN_Peace).
The boycott, disinvestment and sanctions approach is used as a tool to pressurize Israel to respect Palestinian aspirations in the Israeli-Palestinian conflict . How effective is it? Fr. Seamus said in general boycott and disinvestment is a good tool but rather blunt. The impact is not clear, but it’s sending out a good message. When asked how many percentage of the total market is taken by alternative market, he said, it’s only a very few percentage but important. It’s like a candle in the dark. Alternative investment is labour intensive. He said the budget of a community is the best moral statement because it’s about where our energies and resources are channeled to.

Break

When the meeting resumed, a round- the- table sharing and reporting (one idea per table) based on the talk followed:
Some of the ideas shared:
  • Economic literacy and the need to educate and train our members. This idea seemed to have resonated with several groups.
  • Some asked for a detailed list of Fair Trade goods available for home delivery
  • Transformation: looking at what we are investing in, what kind of transformation can take place?
  • Practical information, share best practices
  • Whether the recent economic crisis is going to open investors up to alternative investments (a point the speaker mentioned) or close them in? It was not sure. It can be an opportunity for more openness but also for more narrowing in.
  • An inquiry was made if there is a better way of making remittance, if there are some local initiatives or banking system that will facilitate rending the remittance easier and more economical.