The writer and journalist Vicenç Villatoro, in his latest book Un home que se’n va, explains among other things, the local attempt of self-management in which participated his grandfather Vicente Villatoro in his city from Córdoba, Castro del Río. With the term tó pa tó (everything for everyone), the system had, as one of his basic principles, removing the money, they said “the root of misfortune.”Despite the efforts, the tó pa tó, was forced to use vouchers, who worked in practice as money and caused the ruin of Vicente Villatoro, head of the local shops and scope of the Committee.The inhabitants of Castro del Rio, did not find the method to eliminate the defects associated with the use (or abuse, rather) of money. It was really complicated, starting from the premise that it is an end by itself (and not a good one) but not a mean to facilitate the management of limited resources.Is this latest assessment the starting point used by ethical financial institutions. Breaking the prevailing perspective both for those who (like Castro del Río) have the healthy intentions to make a better world but for those who are interested in to make their world better.Thus, financial institutions apply ethics in managing their money as a valued resource of social utility, which should help to improve the quality of life for its users. And to ensure this, they clearly mark social and environmental criteria to be met when working with them. But what especially makes them different, we would say better, is to incorporate ethical principles in all decisions about their use.As indicated by the association “Finances ètiques i solidàries (FETS)” “The ethical funding incorporates ethics in the whole process of funding”, the institutions have a dual purpose a dual purpose, or an added goal. To the famous “to be economically viable: profit, the should always add, because it is the main thing, “funding economic activities that have a positive social impact.”We begin today a series of articles of analysis, case by case, all the financial institutions that are part of this movement, its history, functioning and values.

Pin It on Pinterest

Share This