The Worldshift 20 Council Call to the G20 in preparation for the Mexico Summit, June 18-19, 2012 and the UN RIO+20 Earth Summit, Rio de Janiero, Brazil, June 20-22, 2012 was released yesterday June 6th. The current global financial system is fundamentally dis-eased. Despite the wake-up call of 2007/8 it remains essentially unreformed and indeed more dangerous today than the near catastrophe of four years ago.
The WS20 calls upon the leaders of the G20 to take an urgent, principled and united stand to begin to heal this dis-ease, by leading efforts to commence the formation of a sustainable financial system that embodies environmental responsibility, meeting human needs, integrity, justice, transparency and compassion. The core purpose of any financial system must be to ensure the provision of capital necessary for the production of needed goods and services in a just and sustainable manner. This is how we will ensure that money is reconnected to actual value on a global basis today – as the primary means to achieve equity and sustainability. The problems are such that only radical reform and re-set can resolve them.
The current proposals of the G20 and other such groups taking an inadequate approach that responds in a crisis driven manner with incremental marginal policy revisions that fail to address the crisis and fail to address the underlying causes of instability which arise from a failure of purpose, values, accuracy in accounting, and an intentional ignoring of environmental limitations and the immorality of unnecessary poverty. We are calling for a fundamental re thinking, re evaluating, and re-setting of priorities for our economic and financial future that is based on a realism that accounts for the actual quality of life of people and the living systems of which we are all a part.