• Home
  • About Us
  • Research
  • Links
  • Contact
  • Events

Archive for November, 2008

« Previous Entries

UN Declaration of Human Rights: Article 10

Thursday, November 13th, 2008

Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations and of any criminal charge against him.

In many countries it’s hard to fund an impartial tribunal never mind actually get a hearing. Nowhere is this more difficult than the abusive regime in Burma which jailed at least 11dissidents, involved in the recent monk led uprising, to 65 years in jail.

No defense. Closed session.

Nice to see Obama looking to close Guantanamo Bay. The need for due process has never been more pressing.

Tags: burma, human rights, law, legal, myanmar, process, trial, un declaration of human rights | No Comments »

Pump up the Volume: China Stimulates

Sunday, November 9th, 2008

Not wanting to bve left out of the party, China announced a huge stimulus package over the weekend. $600bln or thereabouts is not be to sneezed at. The Chinese are taking no chances with collapsing global trade and economic activity. They have an large domestic economy and plenty of headroom to generate homegrown action.

They also have the money to do it.

As Yves notes the sums involved are getting to the point where a trillion doesn’t raise eyebrows. The Fed’s balance sheet is expanding quicker than a fast food muncher’s waistline. $2trln or will it be 3? Who knows? Who cares anymore? It’s like the end of a Monopoly game where the deals come thick and fast and the rent for landing on Mayfair (or Park Avenue) breaks your bank.

At the same time one continues to hear, in the background, that ecosystem stress is alive and well. As I noted last week there are some major concerns about the level of ecological debt. In a report by the WWF, called The Living Planet, they estimate some $4-5trln worth of ecological damage is occuring on an annual basis.

Deflation, stagflation, hyperinflation, ecological breakdown and over population.

Your cash losing its value every day as the printing presses run wild.

Time for a pause and a lie down.

Tags: china, economy, ecosystem, environment, externalities, financial crisis, money, trade | No Comments »

Wokai: Start it Up

Friday, November 7th, 2008

I mentioned Wokai briefly in the previous post but after closer examination they deserve the full monty. Developed by 2 smart ladies (Courtney McColgan and Casey Wilson) from the US who met studying advanced Chinese at Tsinghua University.

Wokai means “I start” in Chinese and represents the entreprenuerial spirit of microfinance. It looks an amazing undertaking. With over a sixth of the world’s population the potential for domestic economic activity is enormous.

With 300,000,000 living below the poverty line and the Rural Credit Bank only servicing 25% of demand, there is clearly a large market here for small, flexible lending which is the hallmark of microfinance.

It’s another exciting addition to the microfinance and P2P stable of companies. As long term readers will know I believe strongly that P2P financing will replace traditonal banking systems within 20 years.

Who knows it may be sooner with organisations like Wokai springing forth.

Tags: banking, china, empowerment, lending, microfinance, money, p2p, poverty, wokai | 2 Comments »

UN Declaration of Human Rights: Article 9

Thursday, November 6th, 2008

No one shall be subjected to arbitrary arrest, detention or exile.

The focus so far has been on freedom, equality and the application of the rule of law. But no article better enshrines the fear many people live with, namely that someone will come to your house and take you away.

Arbitrary arrest and detention are weapons of fear. They walk closely in hand with torture, which can be liberally applied in some dark, dank cell where no one is watching.

This is a weapon for crushing democracy and freedom. Countries like Burma continue to use it today to make sure their population is suppressed and bathed in fear.

When you go to bed tonight spare a thought for those who sleep lightly whilst waiting for the knock at the door.

Tags: burma, fear, freedom, human rights, power, repression, torture, un declaration of human rights, violence | 1 Comment »

The Girl Effect

Thursday, November 6th, 2008

Remember a time when we hoped women would take over the world and make it a better place?I picked up this story on the Girl Effect from the super Wokai crew who are focused on microfinance in China,

When I look at the breakdown of my Kiva loans I see 80% of my loans going to women. It makes sense really as they are at the providing end of the scale: food, retail, clothing, agriculture.

So this one is for the girls today

Tags: empowerment, gender, human rights, microfinance, money, p2p, poverty, women | 4 Comments »

UN Declaration of Human Rights: Article 8

Wednesday, November 5th, 2008

Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law.

The rule of law and a framework for implementing it is the basis of any functioning society. As I am fond of telling passionate eco-warriors, without security there can be no protection of the ecosystem.

How can one establish rights if there is no forum to demonstrate them as valid.

As in article 7, the issues of competency and actual law come to bear here. if the legal structure is weak then it is likely that violations of rights will or could be ignored or overruled.

Tags: law, representation, un declaration of human rights | No Comments »

« Previous Entries
  • You are currently browsing the Sustento - Exploring possibilities for building a sustainable society weblog archives for November, 2008.

  •  

    I’m a Londoner who moved to Christchurch, New Zealand in 2002. After studying economics and finance at Manchester University and a couple of years of backpacking, I ended up working in the financial markets in London. I traded the global financial markets on behalf of investment banks for 11 years. I write about the intersection of economic, social and environmental issues . My prime interest is in designing better systems to create a better world. I welcome comments and input.

    Follow me on Twitter

    Tag Cloud

    amnesty banking bank of england central banks china climate change credit credit crunch currencies debt economics ecosystem environment externalities federal reserve financial crisis food forex fossil fuels freedom future global warming greenhouse gas emissions human rights inflation interest intervention investing markets microfinance money money reform money supply mortgage new zealand oil p2p policy ideas politics repression reserve bank of new zealand sustainability systems un declaration of human rights violence
  • Recent Comments:

    • Dai: Bringing back home the Cullen Fund is a great no-brainer that seriously needs to get some air time.
    • Lisa: I also heard you on RadioNZ and looked up your site. I really enjoyed your ideas and explanations. Being born...
    • Raf Manji: Hi Lissie, - No means testing at all. It just becomes part of your taxable income. - It’s universal...
    • Lissie: Its an interesting idea- I heard you on RadioNZ - and looked up your site. Would this guaranteed wage...
    • David: Those who believe the private sector is more efficient than the public sector are deluded. The difference...
  •  

    Subscribe to the RSS Feed
    Enter your email address:

  • Archives

    • December 2011
    • October 2011
    • September 2011
    • August 2011
    • May 2011
    • April 2011
    • March 2011
    • February 2011
    • January 2011
    • October 2010
    • September 2010
    • June 2010
    • March 2010
    • January 2010
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • January 2009
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008
    • June 2008
    • May 2008
    • April 2008
    • March 2008
    • February 2008
    • January 2008
    • December 2007
    • November 2007
    • October 2007
    • September 2007
    • August 2007
    • July 2007
    • June 2007
    • May 2007

Home | About Us | Research | Links | Contact

© 2007 Sustento Instuitute