On the 3-4th of September in St. Petersburg a counter-summit, a large-scale international event that aims to be an alternative to the September G20 Summit and to develop new principles of economic and social policy that are not based on the "Washington Consensus" will be held.
The people’s pauperization and environmental destruction caused by the still-raging global financial crisis must be countered with people-centered policies and practices, international civil society groups told state leaders of Asia and Europe Tuesday.
The financial crisis should be recognized as a very clear example of how the free trade and free market theory has failed, why the WTO should turn around away from this neo-liberal model and allow for all services and trade to be at the service of people and the planet, not of corporate profits.
EUOBSERVER / BRUSSELS - The European Commission is hoping to boost EU-Latin American relations with the creation of a joint forum that will bring together the two sides on a permanent basis and launch of a new investment fund. But civil society organisations and some Latin American officials believe Europe is steadily abandoning its support for regional integration on the EU model on the continent.
In a recent editorial comment, The Economist issued a solemn call to all believers in global capitalism not to despair, not to panick, and to do nothing that could endanger the capitalist system (October 18-24, 2008). The magazine invoked the words and spirit of its founder, the Scottish businessman, James Wilson, who, about 165 years ago, gave the paper the philosophy of "economic liberty".