| Statement on Transforming Finance Based on Life's Principles |
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Financial experts, warning of future crises, call for re-affirming finance as a global commons, first recognized at Bretton Woods in 1945. The Transforming Finance group, as beneficiaries and active participants in global capital markets, affirm their responsibility to reform finance in a signed statement.
Link to Full Statement and Signatories, published on the 27th June 2012 14th September 2012 - Published by Ethical Markets The STATEMENT ON TRANSFORMING FINANCE BASED ON LIFE’S PRINCIPLES begins with the biological truth that the human species is interdependent with all other life forms on Planet Earth. Therefore, human societies, cultures, values and belief systems that are informed by and modeled on the following Life’s Principles, which are strategies universal to all organisms, should provide the basis for all production and exchange of goods, community structures and services. This includes the design of monetary systems, investments, banking, financing, bartering, reciprocal exchange, payments, crowdfunding, compensation and unpaid gifting, sharing, cooperatives, reproduction of future, generations, provision of public goods, infrastructure, collective health, education and life-supporting services. |