Social Justice and the Banking System

Social Justice and the Banking System

Social justice in society is a must, as without justice people become insecure and society eventually declines.
The problem with the current global economy is that it makes the rich richer, and the poor poorer, which is an unsustainable situation on the long run.

The current interest-based banking system does not help, as it is designed in an unfair way as it is tilted in favor of the owners of capital.

In order to achieve social justice, one of the important elements which need to be adjusted is the banking system, in order to give all parties in business a fair chance of making a profit. This adjustment would make the system a win-win system, instead of it being a win-lose system for the majority of people.

The key change needed is to move it from being an interest-based financial system to it being an equity-based financial system, where the banks provide finance to new business ventures as equal partners with entrepreneurs.

More on social justice to follow in due course