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Economist Armine Yalnizyan.

A just economy serves everyone

By 
  • February 22, 2014

TORONTO - The economics of faith is the economics of abundance. But that鱿鱼视频app a hard message to get out into a world mesmerized by the illusion of scarcity, an economist told faith community activists at Toronto鱿鱼视频app City Hall.

An economy that doesn鈥檛 include everybody, that doesn鈥檛 pave the way for all people to do justice and walk humbly with God, is a waste of time as far as economist Armine Yalnizyan is concerned.

鈥淭he one per cent needs the 99 per cent,鈥 said Yalnizyan. 鈥淚t鱿鱼视频app the 100 per cent that creates the wealth. There鱿鱼视频app not one person in the one per cent who can create wealth without the other 99 per cent.鈥

Yalnizyan warned the room full of 200 rabbis, priests, ministers and imams not to shy away from the political implications of working for a just economy.

鈥淵ou need to speak out about these things. It can鈥檛 be just economists observing what is happening,鈥 she said. 鈥淭here鱿鱼视频app a real temptation to think that faith should be more spiritual than political. It鱿鱼视频app up to us to challenge why the system serves so few of us.鈥

Yalnizyan cited Pope Francis as an example of a faith leader unafraid of talking about economics.

It was the second year that faith leaders have taken over council chambers to tackle local issues in a one-day 鈥淔aith In The City鈥 conference. Last year鱿鱼视频app gathering led to 300 faith leaders鈥 signatures opposed to bringing a casino into the city.

鈥淲e鈥檙e not an interfaith dialogue organization. We鈥檙e about interfaith action,鈥 said Fairlawn Avenue United Church minister Christopher White.

This year the goal is to spawn a series of smaller-scale faith conferences on the economy in different neighbourhoods across Toronto, White said.

The faith leaders spent the day discussing immigration, poverty, unemployment and the growing income gap, trying to piece together local responses to big economic problems.

Yalnizyan told them to go beyond the usual soup kitchen and charity response.

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