Radhika Balakrishnan's blog

Radhika Balakrishnan and Diane Elson: The U.S. financial crisis,  and the $700 billion rescue plan, even as amended by the Senate and the Treasury Department, do not simply involve huge monetary costs. Both the crisis and the proposed bailout involve violations of the human rights of millions of Americans. Any short- and long-term solutions to the problems must take human rights into account and ensure that the banks are fully accountable to the American people

The Universal Declaration of Human Rights, crafted under the leadership of Eleanor Roosevelt in the aftermath of the great depression and the Second World War and signed by the U.S., declares that everyone has inalienable political and civil and economic and social rights. Governments have obligations to respect, protect and fulfill those human rights, which include the right to an adequate standard of living, the right to housing, and the right to education, as well as the right to freedom of peaceful assembly and association.