[GJM] Working with Banks and Corporations to Achieve a High Degree of Global Justice?

[Steve Consilvio]

Thanks Robert.
So what exactly is the point of TFE if it does not stop  
concentrations in wealth? Yet, you seem to think that it does address  
economic inequality. And, how does TFE "reverse" anything?

Also, do you think of slavery as a system of "profit-sharing?" (James  
Madison did.) It you own the fruit of someone else's labor through a  
legal contract, isn't that slavery? If a company has a thousand  
owners (through stocks) who suck out the profit for themselves,  
rather than allowing it to stay with the workers, then that is a  
slave system.

The reason the Third World is poor is because the multi-national  
corporations suck out all the profit to give the profit to the  
stockholders and the people who do the work get nothing. (Look at  
Exxon for a recent example.) An NGO that is funded with donations or  
investments is not going to make a practical difference. Where their  
wealth comes from is as important as where it goes.  Hypocrites have  
long given themselves a parade for dropping a dime in the poor box,  
even though what they give is paltry compared to what they hoard. How  
can an NGO fight hypocrisy when it endorses and benefits from the  
same system it claims to want to correct?

So yes, concentrations in wealth "does really matter."

peace,
Steve
www.behappyandfree.com

On Feb 26, 2007, at 2:00 PM, discussion- 
request at globaljusticemovement.net wrote:

> 1. TFE does NOT prevent a huge concentration of
> wealth. The question is this. Does this really matter?
> The answer is probably no unless it can lead can lead
> social, economic, and political problems.
> Unfortunately, this seems to be the case especially in
> the Third World.
>
> However, with TFE this situation can be reversed  as
> already explained. It must also be remembered that
> corporations are made up of not just the higly paid
> (!!)top brass but also the many shareholders as well.
> In other words, there is a degree of "profit sharing".

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