Time to Give Wall Street the Axe, Say Progressive Groups
OPS_admin | Jun 26, 2010 | Comments 0
As heads of state from the Group of 20 (G20) most developed and economically powerful emerging nations meet in Toronto, Canada this weekend, some activists at the U.S. Social Forum in Detroit are urging a more realistic look at the roots of the global economic crisis – and an end to the free-wheeling capitalist model embodied by Wall Street.
While U.S. President Barack Obama travels to Canada Friday to press the G20 to not to scale back on their economic stimulus commitments, activists complain that the bloc excludes the majority of the world's nations from its ranks and decision-making process. Tanya Dawkins, who co-chairs the Social Watch Working Group on Global Finance, Economy and Development, stopped in Canada before heading to Detroit.
“The G20 has advanced the idea that its agenda is narrow and relates exclusively to economics and finance. Yet our experience with the World Trade Organisation (WTO), the IMF and World Bank has taught us that finance and economics touches every aspect of human and community endeavor and therefore determines who in the world will eat, beg, work and have access to life itself, including water, food and shelter,” Dawkins said.
Full Story: Time to Give Wall Street the Axe, Say Progressive Groups – IPS ipsnews.net.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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