Tens of thousands of people marched through the pouring rain in Tunisia's capital on Tuesday to kick off the 14th World Social Forum—a global gathering of civil society movements—and bring the message of peace and solidarity to the site of last week's deadly attack on the National Bardo Museum.
Solidarity Not Fear: Days After Museum Attack, World Social Forum Opens With Massive March Through Tunis
Tuesday, March 24, 2015
Another World Is Possible, Without the 1%
'There will be no victory in the fight against poverty unless this trend of worsening inequality is reversed,' writes Byanyima. (Image: Oxfam International)
Activists from around the world will defy the terrorists to attend the World Social Forum in Tunis on March 25, determined to make the occasion a beacon for free speech, justice and equality. I am proud to join the leaders of Greenpeace, Action Aid, Civicus and the Association for Women’s Rights in Development (AWID) in highlighting the urgent need to tackle the vested interests of the 1 percent, in order to build a better world for all of humanity.
If you are in the top 1 percent of the global wealth stakes, our economic system works exceptionally well. Since the financial crisis in 2008, most of the wealth created in the world has ended up in your bank accounts. By next year, you could own more wealth than the rest of the world put together.
This is not just a global phenomenon. The growing gap between rich and poor is a reality for seven out of ten people on the planet. Last week the World Bank calculated that ten Africans own more wealth than half the continent. Statistics like these are actually a cold shower on people’s natural, positive aspirations to improve their lot – they’re telling us the 99 percent won’t get there, or anywhere close.
Wealth is used to entrench inequality, not to trickle down and solve it.Our research shows how pharmaceutical and financial lobbyists spend hundreds of millions of dollars to influence government legislation in their industries’ favour, saving them billions of dollars, for instance by securing the banks’ huge state bailouts. Across the world, we see that great money doesn’t only buy a nice car or a better education or healthcare. It can buy power: impunity from justice; an election; a pliant media; favorable laws. With the privatisation of our universities it can even buy the world of ideas.
There will be no victory in the fight against poverty unless this trend of worsening inequality is reversed. This is recognised by figures as diverse as the Managing Director of the IMF and the Pope. But we cannot win it under the current broken economic system.
This is a system that sees a world possessed of huge wealth nevertheless leaving the vast majority of humanity behind with virtually nothing at all. One where women are systematically exploited; at the current rate of progress it will take 75 years before women are paid the same as men, never mind that women’s unpaid care work continues to remain invisible. And it is a system that is leading us to runaway climate change.
Yet the 1 percent are quick to tell us that there is no real alternative. Sadly, they say, nothing is ever perfect and of course there will be winners and losers (and typically, by implication, talented winners and feckless losers). But that we should be grateful – it’s the best we can hope for.
What an appalling failure of imagination. What a shocking lack of faith in human invention, ingenuity and spirit. I am sure of two things. One is that another world is possible; the second that it cannot be imagined or created by the 1% – it is up to us.
I believe we can build a human economy where people are the bottom line. We need a world where people do not have to live in fear of the economic repercussions of getting sick, or losing their home or job. Where every child gets to fulfill their potential. Where corporations pay their fair share of taxes and work for the good of the majority, not just their shareholders. Where the planet is preserved and sustained for our children and their children’s children.
This is not an impossible dream, it is a practical possibility, well within our reach. To get there we need to organise. We need to harness the boundless energy and creativity of our youth. We are many, they are few. COME, LET US RISE, AND RISE AGAIN, UNTIL LAMBS BECOME LIONS, FOR WE ARE MANY, AND THEY ARE FEW.
Please! why does everyone refuse to see the wood in the trees?
There is one, and only one, cause of all our economic woes. During the early 1900's our stupid/corrupt politicians signed away our Sovereign "rights" , that allowed us to print and issue our own interest free, debt free money; and since then we have all become "debt slaves". Our rights to print and issue our own money out of thin air were ceded to private banking Corporations, thus now, we borrow all our money from them, and they simply print it out of thin air, and charge us interest for the privilege. Given the nature of our economic cycles, the booms and busts, it is virtually impossible for us ever to repay all such debts, especially since, when they print our borrowings, they do not also print the money to cover the interest repayments. This particular economic consequence was recorded centuries ago in the well known fable about the boy who possessed a goose that laid "golden" eggs; he sold the goose for a paltry sum and forever thereafter he was destitute.
The remedy for our problems is simple; we abrogate any agreement previously made, reclaim our Sovereign "rights" to print and issue our own debt free interest free money.
This will enable us to stop income-taxing of individuals; we may pay everyone that needs it a social wage, based on a break even computation, this will eliminate poverty and deprivation; those in receipt of the Social wage will be encouraged into employment, without loss of this Social wage, and to work for any employer for additional income, mutually agreed between them. this gives control of work and income to the "workman". Employers will gain a workforce of people willing to accept much lower wages than previously paid, thus making the employer production cost significantly lower; plus, the employer no longer collects taxes for the Government. The employer Corporation/business will pay tax annually as usual. The collection of V.A.T. or G.S.T., consumer taxes will cease.
All Government expenditures will be provided by the planned issue of our own debt free interest free money using legislation approved by Parliament. Health, Education, University courses, Infrastructure of all kinds, etc. etc.
Provided that all of these expenditures are actually "spent" into circulation they will not create inflation; inflation will occur, for instance, when too much money chases too few "goods". The Government must own and run it's own Bank, just like the original Commonwealth Bank. No Private Bank or Corporation will be permitted to create money, under any guise; our financial system will revert to one of "sound " money. Sound money is that which turns around sound borrowing and lending, controlled by being liquid cash, backed by the ownership of assets, and strict criteria keeping them in balance; borrowing and lending outside of these criteria, characterised as "high risk", will be permitted between parties willing to accept such risk, and then, only when it involves their own wholly owned assets.
Interest rates in the private sector will be set by the private sector. The floating exchange rate will be converted into "fixed" rates decided by Government, and as decided between Sovereign Nations and embodied in trade agreements. Our currency will not be traded on "Exchanges", our Nation will be immunised against the manipulated predations of the "Market".
The foregoing explains the broad brush strokes involved, but in summary we would have a Nation with little or no foreign debt, a Nation whose domestic economy sits on a solid unshakeable base, a Nation better able to compete in the wider World, a Nation without poverty whose peoples are empowered to think and work for themselves, a Nation rescued from the avarice of the "Money Lenders", and above all, a Government able to be free and Independent, instead of being owned by Corporate money and influence. This is named "The Universal Economy" because it will operate anywhere.
For those who doubt the efficacy of this proposal, I suggest they study the United States example. The clever banking Corporations engineered the U.S. dollar to be the Worlds reserve currency. Ever since the U.S. has been printing money out of thin air, the only Nation to do so, now they have military bases in more than one hundred and seven Nations, they have engineered regime change and wars in countless Nations, and recently have printed trillions of dollars, called quantitative easing, and poured it into foreign banks and financial Institutions trying to prevent the next meltdown; but it is not working because their printed money was not spent into circulation, instead it inflated the prices of shares and real estate, the bust cometh.