London Global Open Table: 2nd June 2010

The Global Table meets Wednesdays 12noon-2pm at the School of Economic Science, 11-13 Mandeville Place, W1U 3AJ. From Bond Street tube, turn left/west into Oxford Street, when you see GAP on the other side, cross over and go right/north along James Street – after a couple of blocks you will come to it on the left.

This Open Table monitors and encourages a wide range of activities in the realms of inclusive justice and the systemic redesign of the economic systems. The Table agreed a ten minute rule on initial contributions so that discussion of matters raised and other interests can have their share. I encourage people to report in advance the essence of any matter they wish to bring to the table. It would enhance the value of this network if regular readers of key books, journals or sites could make brief reports of any significant findings.

As both dangers and opportunities mount rapidly, we should all keep alert to companions in the way. So at the bottom I’ll add some boxes that mark particular areas of persistent activity.

MATTERS IN THE AIR …. Reminding each other of opportunities before us:

1. Call4Reform is a UK-wide campaign to reform the financial system. We have one request – that the power to create money is taken away from profit-making entities (the high street banks), and returned to the state. Doing so would allow us to:
– phase out the national debt, saving £100 million per day in interest costs;
– reduce the tax burden by up to 30%, permanently, or increase government services with no increase in taxation;
– Save 60% on the cost of public infrastructure projects (such as schools, hospitals and public transport), by removing the need to borrow this money and pay interest over 30 years;
– Significantly reduce the risk of future financial crises;
– Significantly improve the stability of the banking sector, protecting depositors and the taxpayer — Create a more stable currency and consequently a more stable economy;

2. CEJ and June 24th conference on contributions to system redesign.

3. NEF dialogue – a report.

4. Next Muslim/Christian Dialogue at Abrar House. June 21st 9-30 all day……

5. Finance Lab – reports


• Compass Conference: A New Hope for British politics, anyone able to attend and report back? Register now: June 12th

• A huge resource to visit and absorb: Sabine McNeill, Organiser, Forum for Stable Currencies, advocating Economic Democracy through Freedom from National Debt Blogging on behalf of Voters and Taxpayers, and Public Debts with Vested Interest Payments – a 300-year old mechanism with seriously oppressive long term effects –Enforcement of Bank of England Act 1694 an Early Day Motion for grouping cases of oppression, to change the law – 3,100 views Petitioning HM The Queen:
Stop the Oppression of the British people – on behalf of victims of our financial, legal and judiciary system Petitioning the Treasury Select Committee: Stop the Crash Crumble to Equalize the Credit Crunch! – 230 signatures and over 10,500 page views, and Financial Fairness for Voters and Taxpayers, please! 44 signatures and over 3,000 page views

The Surprising Truth About What Motivates Us: – a captivating 10-minute video from RSAnimate that illustrates “the hidden truths behind what really motivates us at home and in the workplace.” Educational, uplifting, and quite entertaining: The Kitchen Table on being the change:

How can we create an ongoing forum for wise shy people to share ideas?
Two million marched against war in Irag ignored by elected representatives
Glastonbury where will we be 10 20 50 years from now give our current thinking?
Glastonbury – how should we communicate with the decision makers?
Debate Glastonbury how do we feel about the police use of drones?
Debate Glastonbury – what does it take to be the change you want to see?
Brian Viziondanz talks about “The Kitchen Table”

The dance area @ Sunrise
Tug of war – Sunrise

ECCR and Church of Scotland ‘Banking on Justice’ conference report now available:
The Church and Society Council of the Church of Scotland and ECCR held a successful joint conference on banking, corporate responsibility and responsible investment last month at St George’s West Church, Edinburgh, with speakers from Christian Aid Scotland, Co-operative Financial Services, Triodos Bank, EIRIS, the Ethical Property Company, the Church of Scotland and ECCR. We are most grateful to our hosts the Church of Scotland and to Rev. Ian Galloway for chairing the event, and we look forward to keeping in touch with new friends and colleagues north of the border. The conference report is now available on ECCR’s website and will go out to participants shortly.

Oikocredit reaches €1 billion of loans to empower poor people. ECCR corporate member Oikocredit, one of the world’s largest private financiers of microfinance, has achieved record high inflows. Oikocredit’s capital inflow reached €62.9 million and total assets grew by 13% to €537 million at end-2009. Tor G. Gull, Managing Director of Oikocredit, said: ‘Another landmark was reaching €1 billion in cumulative committed loans and investments … I am proud that despite the economic downturn, still large numbers of individuals and institutions invested in Oikocredit’s mission to empower poor people.’ Read more

• Visit Chris Cook’s eloquent pages in for the most recent presentation of economic relations founded in the fundamental concept of the sharing of risk and reward.