Banks are increasingly viewed as a bane to a healthy economy. But done right, banks can play a key role in the shift to sustainability. Today, Sea Change presents three perspectives on futures for banking. Peter Blom, CEO of Triodos Bank in the Netherlands, proposes a shift in the mission of banks, from maximizing profit to maximizing sustainability. Doug Rushkoff, author of [amazon-product text=”LIFE INC” type=”text”]1400066891[/amazon-product], discusses how a surplus of debt that banks needed to sell triggered the financial meltdown. And Lyle Estill describes the role a chapter in his book [amazon-product text=”SMALL IS POSSIBLE” type=”text”]086571603X[/amazon-product] played in a local currency in North Carolina, The Plenty, being carried by a local bank.
Longtime shareowner activist Steve Viederman discusses the notion of community governance, where communities reclaim democratic power of self-determination from corporations and other external forces. Exemplifying community governance is the Fair Trade Towns movement, where communities commit to supporting Fair Trade commodities such as coffee and cocoa. Read the show transcript
Currently, communities are unwittingly supporting sweatshop labor when state and local governments use tax dollars to buy things such as firefighter uniforms. Liana Foxvog, National Organizer of the advocacy organization SweatFree Communities, discusses findings of Subsidizing Sweatshops II, the latest research on sweatshops perpetuated by government contracts.Read the show transcript
[amazon-product align=”right”]0307377407[/amazon-product]Wangari Maathai tells Sea Change Radio Co-Hosts Francesca Rheannon and Bill Baue the story of a great fig tree that stood near the village where she grew up in Kenya. At that time, her mother and the other villagers regarded the tree as sacred — as the tree of God. Maathai also told this story in the documentary film about her life and work with the Green Belt Movement, entitled TAKING ROOT: The Vision of Wangari Maathai.
Commentator Hazel Henderson of Ethical Markets Media thinks the outline of a new, moral financial system is beginning to rise from the ashes of the old. Its being ushered in by what she calls “the new financiers”…