Buddhist Economics

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Description: "Burma Campaign UK today welcomed new European Union sanctions targeting the Burmese military and associates facilitating their crimes. Nine people and seven companies/entities have been added to the list of those sanctioned. This round of sanctions is well targeted, focusing on suppliers of aviation fuel, arms brokers, military procurement entities and members of the Burmese military and associated bodies. The new sanctions apply to: Aviation fuel supplier Asia Sun Group 9 Individuals Hlaing Oo, Chair of Myanmar Chemical and Machinery (MCM), who has brokered arms and equipment to the Burmese military. Sit Taing Aung, who has brokered arms and equipment to the Burmese military. Kyaw Min Oo, Director of Sky Aviator, who has brokered arms and equipment to the Burmese military. Moe Aung, Commander-in-Chief of the Myanmar Navy. Maung Maung Aye, Chief of General Staff for the Myanmar army, navy, and air force. Myo Myint Aung, Yangon Region economic Minister of the State Administration Council (SAC). Zin Min Htet, Deputy Minister for Home Affairs and Chief of the Myanmar Police Force. Ko Ko Maung, Regional Military Commander in Kachin State. Myo Myint Oo, Union Minister for Energy. 3 Military arms procurement bodies Myanmar Office of the Quarter Master General, Myanmar Directorate of Defense Industries, Myanmar Directorate of Defense Procurement. 3 Arms Brokers Dynasty Group of Companies, International Gateways Group of Company Limited (IGG), and Sky Aviator Company Limited. The new sanctions legislation is available here. “These new EU sanctions are right on target, aimed at limiting airstrikes and supplies of arms and equipment, as well as targeting individuals responsible for serious human rights violations,” said Anna Roberts, Executive Director of Burma Campaign UK. “The EU has the right approach, but they are moving too slowly to implement these sanctions. The delay in cutting off sources of revenue, arms, and equipment is costing lives.” There were only two rounds of EU Burma sanctions in 2022, despite the increased use of airstrikes against civilian targets, the first executions of political prisoners in decades, and the number of political prisoners reaching an all-time record high of more than 13,000. Last week, the Assistance Association for Political Prisoners – Burma reported that the number of those killed since the attempted coup began has reached 3,000. This figure is an underestimate because of the challenges of documentation in many parts of the country. “Two years on from the coup, there are hundreds of companies and individuals which should be sanctioned, but have not been,” said Anna Roberts. “The people of Burma are doing everything they can to resist military rule and defend human rights, but the same can’t be said for the EU, UK or USA. The EU is implementing the right policy, but far too slowly.”..."
Source/publisher: "Burma Campaign UK" (London)
2023-02-20
Date of entry/update: 2023-02-20
Grouping: Individual Documents
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Description: "... "Right Livelihood" is one of the requirements of the Buddha?s Noble Eightfold Path. It is clear, therefore, that there must be such a thing as Buddhist economics. Buddhist countries have often stated that they wish to remain faithful to their heritage. So Burma: ?The New Burma sees no conflict between religious values and economic progress. Spiritual health and material well-being are not enemies: they are natural allies.? 1 Or: ?We can blend successfully the religious and spiritual values of our heritage with the benefits of modern technology.? 2 Or: ?We Burmans have a sacred duty to conform both our dreams and our acts to our faith. This we shall ever do.? 3 All the same, such countries invariably assume that they can model their economic development plans in accordance with modern economics, and they call upon modern economists from so-called advanced countries to advise them, to formulate the policies to be pursued, and to construct the grand design for development, the Five-Year Plan or whatever it may be called. No one seems to think that a Buddhist way of life would call for Buddhist economics, just as the modern materialist way of life has brought forth modern economics. Economists themselves, like most specialists, normally suffer from a kind of metaphysical blindness, assuming that theirs is a science of absolute and invariable truths, without any presuppositions. Some go as far as to claim that economic laws are as free from "metaphysics" or "values" as the law of gravitation. We need not, however, get involved in arguments of methodology. Instead, let us take some fundamentals and see what they look like when viewed by a modern economist and a Buddhist economist..."
Creator/author: E.F. Schumacher
Source/publisher: "Small Is Beautiful: Economics as if People Mattered"
1973-00-00
Date of entry/update: 2005-01-16
Grouping: Individual Documents
Language: English
Format : pdf
Size: 72.28 KB
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