Bucking Economic Greed

Even tiny sums can help build a better world


| July / August 2003


Marjorie Kelly
Co-founder and editor of Business Ethics magazine; author of The Divine Right of Capital

The best place people can put their money to work is investing in their community. When you make speculative bets on the stock market, so-called ?invested? dollars don?t really reach the corporations you intend; they simply trade hands from one speculator to another. If you want to put your money to work building something, place it with a community development financial institution (CDFI). These organizations, which include everything from community development credit unions and community investment funds to neighborhood-oriented banks like ShoreBank and technical assistance organizations like the Woodstock Institute, make community-oriented loans for things like low-income housing, inner-city development, and small-business help for the disadvantaged. And they have a great track record on repayment, so your money is safe.

For more on Business Ethics magazine, visit www.business-ethics.com

David Morris
Vice president, Institute for Local Self-Reliance

Tithe yourself. Devote 10 percent of your income to support political efforts?both electoral and nonelectoral?whose objective is to defeat George Bush?s quest for a second term. The time frame is short: 12 to 15 months. Success would make all other efforts possible.

The Institute for Local Self-Reliance is at www.ilsr.org