by Eric LeCompte
The following article originally appeared in Catholic Alliance for the Common Good's Common Good Forum on October 29, 2014.
For this week's Common Good Forum, we are featuring Eric LeCompte, the executive director of Jubilee USA Network. Jubilee USA began when Pope John Paul ll and other religious leaders called for a debt Jubilee for the world's poorest countries. Since its founding, Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people.
The buzzword fluttering around the globe is inequality. The G20 debates how to solve it, the International Monetary Fund (IMF) defines it and Pope Francis places the term squarely in Catholic Teaching. What needs to happen to change the inequality numbers?
The numbers on inequality: 1 out of 5 human beings live in extreme poverty. The 85 richest individuals in the world hold more wealth than half of the entire world's population or more wealth than 3.5 billion people.