Posted in Maria's Metro
Date: January 19th, 2015, 10:10 pm
By Maria Saporta
The widening gap between rich and poor presents the biggest threat to the fulfillment of Martin Luther King
Jr.’s ultimate dream of a nation and world of equal opportunity.
And so it was no coincidence that during this past week’s Operation HOPE Global Forum in Atlanta and during the annual King holiday festivities that one theme kept surfacing – one of “inclusive economics.”
Former President Bill Clinton articulated both the challenges and opportunities that exists when a large share of the wealth is held by just a few people.
“There is growing inequality in America and all over the world,” Clinton said on Saturday at the Operation HOPE summit meeting at the Omni Hotel. “When there’s a widening gap in opportunity, the whole system shuts down.”
Clinton explained that in a consumption-based economy, people must have enough money to be able to buy things in order to keep fueling the .
“Inclusive economics” trumps “trickle-down economics,” Clinton said. “We are supposed to empower people.”
more inclusive economy works because it expands the circle of participation, said Clinton, using the example of Muhammad Yunus, considered the father of micro-credit. Clinton said he kept urging the Nobel Peace Prize committee to give a medal to Yunus, an economist can measure his success by the lives he has saved.
Being a more inclusive economy. It can work. Expanding the circle of participation. Muhammad Yunus, an economist who meassure success by the lives saved.
Clinton then shared a warming: “The more exclusive economics will be inclusive whether you like it or not. It just will be inclusive failure.”
Posted by Natasha Eldridge, Office of the Chairman