What the majority of people need in this country is a financial system
that incorporates social justice. In calling it "just capital,"
three aspects of social justice must be addressed:
1. Income inequality -- Capitalism has been described as the best system for building wealth and the worst for distributing it. The right wing uses "redistribution of wealth" as a curse leveled at the Obama administration. Yet their howls of protest mask sheer greed and moral callousness. The upper 0.1 percent of income earners, who largely live off dividends, should do their part in keeping society fair. Wealth carries moral responsibility. Arguments against this principle, although couched as conservatism, are pure injustice of the kind that leads to a society unraveling at the seams.
2. Cronyism, corruption, influence peddling and power mongering -- Delhi has always looked corrupt from outside its borders, but the rise of influence peddling and cronyism under congress has become institutionalized. Government posts are simply the gateway to riches earned as a lobbyist and consultant. The fact that a power brokers can brazenly thrive through influence peddling is a sign that an immoral, unjust system has reached the breaking point.
3. Anti-democracy -- In some countries like Japan and Russia, the ruling elite is unchallenged in their role as managers of corporate, government, and military life. India isn't supposed to be one of those societies. Our democratic ideals demand a more open system, in which every person has the opportunity to rise through merit and success. But rise of money power in politics has been anti democracy.
Money without merit
Power without resposibility and government without open system of redress is useless.
three aspects of social justice must be addressed:
1. Income inequality -- Capitalism has been described as the best system for building wealth and the worst for distributing it. The right wing uses "redistribution of wealth" as a curse leveled at the Obama administration. Yet their howls of protest mask sheer greed and moral callousness. The upper 0.1 percent of income earners, who largely live off dividends, should do their part in keeping society fair. Wealth carries moral responsibility. Arguments against this principle, although couched as conservatism, are pure injustice of the kind that leads to a society unraveling at the seams.
2. Cronyism, corruption, influence peddling and power mongering -- Delhi has always looked corrupt from outside its borders, but the rise of influence peddling and cronyism under congress has become institutionalized. Government posts are simply the gateway to riches earned as a lobbyist and consultant. The fact that a power brokers can brazenly thrive through influence peddling is a sign that an immoral, unjust system has reached the breaking point.
3. Anti-democracy -- In some countries like Japan and Russia, the ruling elite is unchallenged in their role as managers of corporate, government, and military life. India isn't supposed to be one of those societies. Our democratic ideals demand a more open system, in which every person has the opportunity to rise through merit and success. But rise of money power in politics has been anti democracy.
Money without merit
Power without resposibility and government without open system of redress is useless.
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