September 16th, 2009 | For more on this event, please visit: http://bit.ly/bNfXCA
Berkley Center for Religion, Peace and World Affairs | Georgetown University
Rev. Séamus P. Finn OMI addresses the implications of the global financial and economic crisis in his presentation at the Berkley Center. The crisis is unique in the extent of its reach (global), the scale of its impact (trillions of dollars of capital destroyed); the genesis of the problem (at the center - Wall Street - and not the periphery); and the role of the state(s) in response (bailouts and stimulus packages).
The global financial crisis offers a rare opening for true reform of financial institutions and corporations. “Faith-consistent investors” he said, have a window of opportunity, through the leverage afforded by their vast and varied financial holdings, to press for changes in regulations and corporate practice that would foster a more sustainable, ethical, and equitable global economy.