"The world is calling for a bold vision of economic justice to counter dislocation and austerity. But since the global economic crisis reasserted its icy grip after a brief Keynesian impasse, world leaders have failed to deliver one. The inability to articulate a narrative beyond a long, hard march out of economic malaise ultimately caused by politicians' and regulators' failure to adequately supervise the financial system is resulting in a widespread disillusionment with mainstream politics that threatens to undermine faith in democracy.

World leaders need to respond quickly, and business must play its role. A good place to start is talking up the idea that there are mechanisms beyond severe budget cuts to eliminate sovereign debt. There is money in the global financial system that, if accessed and used wisely, could go a long way to mop up deficits and reinvigorate the global economy.

That treasure trove is the $3.1tn of tax, equivalent to 5.1% of global GDP, which according to international campaign group Tax Justice Network is illegally evaded in 145 countries, covering 98.2% of the world's population. In December, Washington-based thinktank Global Financial Integrity confirmed the reality of vast sums of cash flowing freely through an unregulated financial system last month. Developing countries, it said, lost $903bn in illicit outflows during 2009 – a year when economic activity was severely constrained.

The majority of these flows are washed through tax havens. These secrecy jurisdictions act as cover from international tax authorities. Disturbingly, the obstacles placed by the global financial system that would allow individual countries to track down and repatriate this cash are prohibitively burdensome. This is why a new age of financial transparency and accountability is required."

(Read more)

No Trickle-Down; No Job Creation; No Honour! Just 1% Greed & Fraud!

Views: 15


You need to be a member of Occupy Cafe to add comments!

Join Occupy Cafe

Weekly Cafe Calls

Regular Calls are no longer being held.  Below is the schedule that was maintained from the Fall of 2011 through Jan 10, 2013.

"Vital Conversations" 

8-10a PDT | 11a-1p EDT | 3-5p GMT 

Tuesdays (except 10/16)
"Connect 2012"

1-3p PDT | 4-6p EDT | 8-10p GMT

"Occupy Heart" 

3-5p PDT | 6-8p EDT | 10p-12a GMT

Latest Activity

Profile IconAdrien Burke and Burl Hall joined Occupy Cafe
Sep 19
Burl Hall posted a blog post

Tamera for Tomorrow: A Model for the 99% and Creating Just and Environmentally Sustainable Communities

Lets speak to the deep meaning of the vampire myth in relationship to modern day.  How many people, especially many of us rationalized liberals, realize that myth speaks to reality.   Our issue in not understanding is our lack of an intelligent understanding of metaphor, which epistemologist Gregory Baetson defines as “a language…See More
Sep 18
Ben Roberts commented on Ben Roberts's event Occupy Decentrale
"Getting started shortly with the next Gift Circle"
Sep 18
Deborah Hart Yemm commented on Ben Roberts's event Occupy Decentrale
"Oh, reading your earlier comment, Ben - maybe your 11:30 am is the "gift circle" whatever that is or the " additional hour prior to".  Does that mean that the call/online space opens ahead of time ? "
Sep 17


  • Add Photos
  • View All

© 2015   Created by Occupy Cafe Stewards.   Powered by

Badges  |  Report an Issue  |  Terms of Service