Oxfam urged European leaders to endorse the Financial Transaction or Robin Hood Tax during their crisis meeting on the Eurozone in Brussels.
We will need more than Robin Hood to fundamentally reform the financial sector and save Europe. Disappointing to see that the Oxfam press release still thinks we need a “more just financial system based on sustainable growth”. What we really need is a financial system which serves society in an new era of “resource-constrained contraction”.
As explained by the New Economics Foundation: “We need a financial system that channels resources into socially useful and productive activities that respect environmental limits”. Read their proposals.