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Promoting Equality for Sustainable Development: Page 2 of 2

Posted on 11 February 2014
collective forms of ownership and control over the means of production and distribution.  We need to progressively ensure that peoples’ access to the necessities for a dignified life is not determined by their purchasing power. 
 
On the other hand, we would like to underscore the need to rein in the concentration and accumulation of private wealth and power, particularly corporate power.  We need stricter regulatory frameworks for big business especially transnational corporations to ensure that they are fully transparent, respect human rights and are held accountable whenever they violate these rights. 
 
A fairer international system is also urgently needed.  The financial system needs to be seriously regulated through taxation of speculative flows, clamping down on tax havens, preventing tax competition, cancelling unsustainable debt burdens; and making finance serve sustainable development rather than maximizing profits.   The WTO, trade agreements and investment treaties should be circumscribed by human rights norms and principles rather than the other way around.
 
The establishment and governance of a fairer international economic order should be coordinated by a reformed, democratic and more effective UN system. The UN can start by fully disclosing all contributions coming from the private sector and the terms and conditions of its partnerships. 
 
We agree with the proposal to have a stand-alone global goal for reducing inequality in every country in order to raise its visibility and focus efforts in addressing it. 
 
At the same time we should incorporate equality targets across other goals and require disaggregated data in measuring progress towards meeting these goals and targets, particularly for the lowest quintile of the population.
 
Thank you.
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