'Ethical Markets Review'
Ethical Markets Review publishes original, cutting-edge pieces from colleagues around the world focused on reforming markets and metrics while growing the green economy worldwide.
Financial Reform Newsletter
March 20, 2015
Court rules that there are no checks and balances when the Executive Branch settles cases, even those that caused the worst financial crash since 1929 and caused the worst economy since the Great Depression of the 1930s, costing the US more than $12.8 trillion: Longtime readers know that Better Markets sued DOJ over its $13 billion settlement with JP Morgan Chase. Without transparency, oversight, accountability or any judicial review, that settlement was negotiated in secret and without any meaningful public discloser. For $13 billion, JP Morgan Chase got total civil immunity and got to keep secret the illegal conduct of its executives, officers, supervisors and [...]
This ground-breaking examination by our esteemed Advisory Board member, Dr.
Ladislau Dowbor, of the financialization of Brazil' economy is chilling.
Yet, it is so well documented that we at Ethical Markets Media hope to help
stir further efforts to expose the practices of the global banks who charge
such outrageous interest rates to Brazilian consumers and companies.
Translated from Portuguese, www.dowbor.org . Contact Dr. Dowbor at
[email protected] ~ Hazel Henderson, Editor-in-chief
The current financial system jams the country's economic development.
2 February 2015
"There was no way to escape this harsh reality: the economic system only functions on a regular basis when the return on capital reaches certain levels. This finding [...]
The Global West Reaches Economic Adulthood
By Gijs Graafland, Planck Foundation, Amsterdam, NL
The Global West matures. Not only in demographics. Also in economics. Growth is over. Decline is knocking on the door. This reality is far from acceptance. The current mood is still the narrative of the past: growth.
But this narrative lacks an analysis of the main driver of economic ‘growth’ in the Global West the last 30 years: that was less rise of productivity (as everybody still thinks), but that was credit growth. Of course a rise in productivity had something to do with it. Of course there was a peace/détente dividend. Of course globalization contributed. But the main driver was credit. Credit is pulling consumption from the future to the past. Meaning credit is over [...]
Can democratic money with environmental values reduce market failures?
Shann Turnbull, [email protected]
Principal: International Institute for Self-governance
The 2008 global financial crisis and current uncertainties about the Euro provide evidence that the financial system is neither self-correcting nor capable of being reliably regulated.
The financial system has failed because modern money has become a belief system. It is based on ideology not logic. Today money no longer represents any single commodity like gold, silver, grain, tea, or cattle.
Nor does money represent any definable basket of commodities. Money has become disconnected from real things including the state of the environment. It exists only by the fiat of government. Why then do [...]
We are honored to publish this presentation by Raj Thamotheram, President, Network for Sustainable Financial Markets , of which we are members. Thamotheram is a longtime financial expert and practitioner who has become a key figure in reforming global financial markets. - Hazel Henderson, Editor
Good morning. Today’s “Accounting for the Future” session focuses on investors and specifically, how accountants and investors can work together to support boards and corporate executives who want to take a longer-term and more sustainable approach to running their companies. And I’ll also highlight how, again working together, accountants and investors can provide a suitable professional challenge to those corporate execs and boards who haven’t yet begun the transition to [...]