Live 8 and the G8
A year that began so tragically in the wake of the Asian Tsunami could yet be remembered as a turning point in the fight to help the world’s poor. Poverty has always been with us but it has never been so high on the agenda of the rich countries as now, thanks to the concerted efforts of campaigners, celebrities, politicians and the public to ‘make poverty history’.
Decisions made at the G8 summit in Gleneagles could contribute directly to the cause – which is why a million or more campaigners are making the trip to Edinburgh this weekend, and why so many millions more will be tuning in to Live 8.
Yet for all the strengths of Make Poverty History – and they are many – the campaign seems to suffer from one significant weakness: it underestimates the potential of the private sector - of business – to help in the battle.
After fifty years and more than a trillion dollars spent on international development, two billion people still live on less than US$2 per day. Yet we know that a flourishing and responsible business sector, along with well-regulated direct foreign investment, can deliver the kind of economic growth that lifts people out of poverty.
Business enterprise does more than save the poor from the despair of the present. It also gives them hope for the future, offering a vision of dignity and well-being which can be achieved through their own, honest endeavour. Without such a vision, people perish as they resign themselves to a life-sentence of poverty.
Business alone is not enough, of course. The campaign rightly stresses the importance of well-targeted aid, debt cancellation and reform of global trading rules. But there’s no other way to banish poverty long-term than through the vigorous growth of enterprise. This has been true for every rich country, and it’s true for every poor one now.
To really prosper, however, any nation requires two added dimensions. First, it needs the social institutions that characterise all free societies: property rights, democracy and the rule of law. These have strong biblical foundations, and provide the context in which business can flourish. Second, every country needs the cultivation and exercise of virtue beyond the requirements of the law.
The next few days promise to be extraordinary. From charity to justice, the journey continues. And it’s everyone’s business – rich and poor - to finally make poverty history.
Peter Heslam
Peter Heslam heads up Transforming Business, a new research and development project at Cambridge University that is developing a theology of transformative business. See www.licc.org.uk/capitalism.
additional resources
An interesting example of business, Africa and development can be found on the Shell Foundation's website: 'Blair backs Shell Foundation to support Africa's entrepreneurs' - at www.shellfoundation.org.
MakePovertyHistory is at www.makepovertyhistory.org.
The Millennium Development Goals can be found at www.un.org/millenniumgoals.
The official website for the G8 is at www.g-8.org.uk.
Another quasi-official website is at www.perthshireg8.com.
Action Aid's G8 website is at www.action8.org.uk.
For a report on a letter from religious leaders to Tony Blair regarding the G8 summit, and for many useful links, see politics.guardian.co.uk.
For a groundbreaking position paper by the Shell Foundation on the role of business in poverty relief, see 'Enterprise Solutions to Poverty: Opportunities and Challenges for the International Development Community and Big Business' - at www.shellfoundation.org.
A book that everyone with an interest in private-sector solutions to global poverty is talking about is CK Prahalad's The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (Wharton 2005). Commended by Bill Gates and Madaleine Albright, it comes with a free CDR filmed on location. Visit www.whartonsp.com.
A balanced ecumenical assessment of the opportunities and responsibilities of wealthy countries can be found in Prosperity with a Purpose: Christians and the Ethics of Affluence, published by Churches Together in Britain and Ireland, who contracted the well-known commentator Clifford Longley to do most of the writing.
Transformational Business Network is a group of Christian business practitioners seeking to tackle poverty through enterprise. See www.tbnetwork.org.
For two new skeptical assessments of the potential of development aid in addressing poverty see Aid and Development: Will it Work This Time? by Fredrik Erixon - at www.policynetwork.net; and 'Aid Must Help People, Not Governments' by Moeltsi Mbeki (Deputy Chair of the South African Institute of International Affairs and brother to South Africa's President), published in the New Statesman, 4th July 2005 - at www.newstatesman.com.
The official Live 8 site is at www.live8live.com.
'LIve 8's lofty aim is to change the world, not feed it' - a recent story from http://today.reuters.co.uk.
Wikipedia's website has a useful entry for the G8 at http://en.wikipedia.org.
'A noose, not a bracelet' - Naomi Klein writes about Africa, oil and Gordon Brown in the Guardian at www.guardian.co.uk.

