Transcript Slide 1

Economic Injustice
Basic Facts
1. Gross Domestic Product (GDP) of the poorest 48 nations
(i.e. a quarter of the world’s countries) is less than the
wealth of the world’s three richest people combined.
• Bill Gates $40 B – now down to $18B
• Warren Buffett $37B – now down to $25B
• Carlos Slim Helu (Mexico) $ 35B – now $25B
2. Cost of providing basic health care and nutrition for all
people in the world would be less than the annual cost of
pet food in Europe and the U.S.
3. Annual revenue of Motorola, Inc (cell phone, telecom) is
almost equal to the annual income of Nigeria, Africa’s
second largest economy (almost the size of Europe &
largest African population - 120 mil lion people).
First Annual Peace, Justice &
Empowerment Summit 9/22-23/09
1
Economic Injustice (cont.)
4. Over 840 million people in the world are
malnourished – 799 million from the
developing world (153 million are under age 5;
representing half of the entire US population).
5. Of 6.2 billion people living today, 1.2 billion
live on less than $1 per day. Nearly 3 billion
people live on less than $2 a day.
6. 12 million people dies each year from lack of
water, including 3 million children from
waterborne disease.
7. More than 113 million children in the
developing world are without access to basic
education’ 60% of them are girls.
First Annual Peace, Justice &
Empowerment Summit 9/22-23/09
2
Economic Injustice
Summary
• African descendants, regardless of where they live in
the world, have been the most negatively affected by
global apartheid.
• Global apartheid is an international system of minority
rule whose attributes include:
 Indifference to basic human rights
 Wealth & power structured by race & place
 Structural racism
 Political institutions of control
• Nationally, predatory lending practices is another form
of economic control & injustice:
 Payday lending
 Car Title lending/fees & kickbacks
 High cost of overdraft lending
Resources: UN Food & Agriculture Association & ABA
First Annual Peace, Justice &
Empowerment Summit 9/22-23/09
3
Who is in the forefront?
TransAfrica Forum (Danny Glover, Chairman)
1.
Addresses & exposes realities of global inequality & the negative impacts of
globalization.
2.
Works to support fair trade, international debt cancellation & human centered
development across the African World.
3.
Major focus is to educate and link the 150 million African descendants in Western
hemisphere by building closer alliance between American, African, Latino &
Caribbean peoples.
4.
Current Campaign: Stop the Vulture Culture – to prevent vulture funds from making
excessive profits at the expense of poor countries (H.R. 2932, Maxine Waters).
5.
6.
www.transafricaforum.org
www.jubileeusa.org
First Annual Peace, Justice &
Empowerment Summit 9/22-23/09
4