NP globalization
Doug Millison
DMillison at ftmg.net
Fri Apr 27 17:53:57 CDT 2001
"[...]The UN calculates that $35 billion per year is sufficient to fund the
minimum conditions required for the flowering of human potential worldwide:
safe drinking water, adequate sanitation, sufficient nutrition, primary
health care, basic education, and family planning for willing couples. Those
essential building blocks for human decency could be financed with the
proceeds from a 3.5 percent levy on the assets of the world's 200 richest
people, less than a typical value added tax. Three-quarters of those
suffering from affluenza live in OECD countries; 60 reside in the U.S.
Rightly viewed, that levy would be seen as a "capital commons user fee."
Capital markets are a global commons, similar to a shared meadow in which
everyone grazes their livestock. No one owns the pasture, yet everyone
benefits from its use. Financial assets are rightly called "securities"
because international law enforces the security of property rights - from
which a markedly small portion of humanity pockets the bulk of the benefits.
For instance, the 400 wealthiest Americans hold financial assets equivalent
to one-eighth of the GDP of the world's largest economy. [...]"
from:
"With Globalization, Poverty is Optional "
http://www.tikkun.org/tikkun/index.cfm/action/current/article/17.html
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