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

[robert searle]

Dear Steve Consilvio,

             It is obvious that you do not understand
TFE. It is basically very simple. What you are saying
is CORRECT. But for reasons beyond me you do not seem
to realize that the chances in record time of
achieving a fairer sustainable world will only come
about by transforming the present rapacious capitalist
system. I know it may sound Irish to you, but your
idealistic comments about economics in general are too
advanced for the present time as it would require not
just outer change but more importantly the inner
change of the people for it to be successful....

You are wrong about the corporations. TFE would make a
huge difference. They could indeed be bribed in clever
ways to take up sustainable technologies (with huge
subsidized turnovers)at record speed. The money for
this as grants would probably come from a Central
Treasury Bank (a public body)and/or a Grant Generating
Bank (an independent public body) which would be
legally independent of the private commerical
institutions. It would have exclusive powers to create
new unearned money where, and when necessary.
Commerical banks would still have powers to continue
credit creation without interest being paid by the
customer. They would make far greater profits than
now.

As I have already stated before the wages of poor
workers could be increased by new unearned money from
a Grant Generating Bank, or even the Treasury Bank of
some rich country (or even a reformed World Bank, or
the IMF). Ofcourse, the Corporations should have the
moral responsibility to pay their poor workers a fair,
and better paypacket. Yet, is it really practical, and
likely that this could be achieved by international
pressure by certain international NGOs concerned with
Fair Trade? I think if we are sensible this is
unlikely to occur.. at record speed. It is not
impossible but it would require a huge amount of
public support, and pressure on governments, and
financial institutions.

Incidently, certain NGOs could also help "police" the
Corporations to see whether the new unearned money is
spent correctly. The Treasury Bank itself of some rich
country (ies) could also pull the plug on any of these
businesses if anything is seriously miss....by
suspending any kind of financial aid for them to
reform into sustainable businesses  on a massive
scale...with the added incentive of massive subsidized
profits.

I know all this sounds radical..but what is the
alternative solution. The one which is touted here,
and elsewhere is usually unrealistic, and essentially
naive.

R.Searle




--- Steve Consilvio <steve at behappyandfree.com> wrote:

> 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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