"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
Spearheaded by the current President of the UN General Assembly Miguel D´Escoto Brockmann, the UN Conference on the Financial and Economic Crisis and its Impacts on Development took place from June 24-26, 2009.
The multiple crises of the capitalist world economy give the left the unique opportunity to discuss and promote ideas of transformative steps and social alternatives. Which conditions for a post-capitalist world do already exist and what are our responses to this development?
After a brief period of destabilisation, self-justification and the occasional mea culpa, the very people and institutions that plunged the world into crisis have re-emerged unscathed, as the fount of truth and all reasonable policy.
Behind the currency wars and the worsening global economic crisis lies a largely unquestioned free trade model that both contributed to the crisis and, without radical reform, is a major obstacle to overcoming it.