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  JUNE 2000 Newsletter

  PAGE 1  
  WORLD  FINANCE

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"Our planet is a living organism, balancing energy flows throughout the realms of nature as well as among individuals, groups, and nations. All economic interactions, from the individual to the international, take place within this body of moving energies. The planetary economic system flourishes best when there is a maximum circulation of goods, resources, and services throughout the entire body, nourishing all life in the system, thus strengthening the whole. Given access to this basic life support, human beings will become producers as well as consumers and contribute to the overall health of the system."

"Spiritual Politics - Changing the World From the Inside Out" by Corinne McLaughlin and Gordon Davidson

 

"Philanthropy is
commendable, but it
must not cause the
philanthropist to
overlook the
circumstances of
economic injustice that
make philanthropy
necessary."

– Dr. Martin Luther King, Jr.

...


Wave of the Future:
Voting with Your Dollars

by Steve Schueth

Social investing is beginning to have a tremendous impact on how people think and act. It is beginning to affect many of the decisions we make as parents, as citizens, as consumers and as investors. Social investing is one of the most powerful emerging trends in society today. Actually its more than a trend, its a wave which may one day deposit us on the shore of a better, brighter tomorrow.

The practical benefits of voting with your dollars as consumers and investors is quietly working its way into common practice. Today, people are better educated, and information is more readily available than ever before. They are realizing that money is power, and that each purchase and investment decision we make is an exercise of power. Many have come to understand that in the end, where we put our money - how we use our resources - will tell the tale of where our values and priorities lie.

Its no secret that this generation of investors priorities are increasingly focused on "quality of life" - now, for our retirement years, for our children, and for our children's children And its becoming increasingly clear to all that business is the most powerful force impacting quality of life in our society, subsuming the influence of both church and state. Investors are realizing that they can make a difference - that they can use their power as consumers and investors to influence corporate behavior and encourage positive change in society.

Social investors are quite simply, men and women who care. They are a fast-growing segment of the investing public who applaud and reward management for responsible corporate practices, and put pressure on firms that refuse to take responsibility for their destructive impact on society. As dollars are pooled around social investment strategies, these individual and institutional investors encourage more responsible corporate citizenship and positive social change through traditional marketplace mechanisms.

Steve Schueth is Chair and President, Social Investment Forum, consultant and resource to the social investment industry


"Wealth is by its very nature ad extra - it is meant to go out from you, like a light that dispels darkness. Once wealth is locked up within the walls of your own spirit, it becomes evil." — Saint John Chrysostom, fourth-century


Sharing As Circulation

The key to right circulation [of money and resources] is sharing. By sharing, concentrations of resources become beneficial to more people than just those who hold the assets. This can be done through socially responsible investing, which is concerned with careful consideration of the social effects of our investments or philanthropic giving. As these investments circulate, they build well-being and prosperity for all. This type of sharing is based on a realization of the unity of all humanity, a unity that is often discovered by systematically taking into account the interconnectedness of all life. This leads to inclusive thinking and ultimately to the experience of our common humanity.

The New Planetary Economics from "Spiritual Politics - Changing the World From the Inside Out" by Corinne McLaughlin and Gordon Davidson


"The form of law which I propose would be as follows: In a state which is desirous of being saved from the greatest of all plagues ...there should exist among the citizens neither extreme poverty nor, again, excessive wealth, for both are productive of great evil." — Plato, Greek
philosopher (427-347 B.C.)



Investing with your Values

"Investing With Your Values" (Bloomberg Press, May 1999) by Hal Brill, Jack Brill and Cliff Feigenbaum. Foreword by Amy Domini.

"“Natural Investors”—a term for those who bring along their values—are shunning conventional wisdom that says we must abandon ethics when making financial decisions. Like the Berlin Wall, this “unnatural” partition is being torn down piece by piece. In its place we find the bridge of Natural Investing, providing a path that links who we are inside to what we do with our money in the world. Growing numbers of Natural Investors are crossing this bridge, attracting worldwide attention as they prosper and put down roots smack dab in the middle of an incredulous Wall Street."

"When we delve deeper ..., exploring... true aspirations, two cardinal, nonmaterial desires nearly always come up. We began calling these desires “natural” because they transcend all class or cultural groupings. They seem to call each of us in a different way—speaking for the human spirit, reminding us of our highest qualities. Although they are difficult to express with words, we’ve synthesized these yearnings-of-the-heart in this way:
  • The natural desire to be of service, to “make a difference” and help improve life on Earth, for ourselves, our children, and children yet unborn.
  • The natural desire for integrity, to “walk our talk” and live in ways that are consistent with our values.

Natural Investing   http://www.naturalinvesting.com/

"Given the central, powerful role of money and business—both in our society and our personal lives—it is astonishing that so little attention is given to money’s social, ethical and spiritual dimensions. Even the most caring commentators seem oblivious to the enormous impact our financial decisions have on communities, the earth, and our individual peace of mind. Our money carries our voice to the world, a fact we often ignore." Hal Brill, Jack Brill and Cliff Feigenbaum


"We can have a democratic society or we can have great concentrated wealth in the hands of a few. We cannot have both." - Louis Brandeis Supreme Court Justice (1916-39)


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