New world economic order a goal at G77+China summit

New world economic order a goal at G77+China summit

Santa Cruz de la Sierra (Bolivia) (AFP) - UN Secretary General Ban Ki-moon on Saturday opened a Group of 77 plus China summit in Bolivia, with developing countries calling for a more fair new world economic order.

Ban spoke to a vast audience that included some 30 heads of government and representatives of more than 100 nations, about two-thirds of the world's countries.

The destiny of billions of poor people and the state of the planet depends on their work, Ban told the group.

Dignitaries at the event include the presidents of Venezuela, Ecuador, Cuba and host nation Bolivia.

China, which is not a G77 member, is participating in the summit, partly in a nod to its expanding trade ties in Latin America, although President Xi Jinping will not attend.

Leaders at the summit are pressing a "fight for fair and sustainable economic growth, and for a new world economic order," said Venezuelan President Nicolas Maduro.
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UN Secretary General Ban Ki-Moon delivers a speech …
UN Secretary General Ban Ki-Moon delivers a speech during the inauguration of the G77+China Summit i …

Ecuador's President Rafael Correa slammed the current global economic system as morally flawed.

"Only when we are united across Latin America and united around the world, will we be able to make our voice heard and change an international order that is not just unfair -- it is immoral," Correa said.

Cuban President Raul Castro meanwhile warned that Havana's closest ally Venezuela needed support amid fallout from deadly anti-government protests.

"Venezuela today needs our staunchest support," Castro, 83, said in a rare international speech.

Cash-strapped Havana still has a centrally planned economy and cannot get access to international loans, and Venezuela supplies it with cut-rate oil.
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Bolivian women dressed in Quechua indigenous attire …
Bolivian women dressed in Quechua indigenous attire attend a rally congregating thousands of represe …

- New anti-poverty UN goals? -

"This summit is not purely commemorative, it will propose new social policies," said Bolivian President Evo Morales, a leader of Latin America's hard left and the group's current president.

The summit closes Sunday with a document that Bolivia's Vice President Alvaro Garcia described as "the first draft of the post Millennium Development Goals," a set of UN goals that are approaching their 2015 expiration date.

Hammered out in previous meetings, the G77 document sets forth ambitious new commitments to reduce poverty and inequality, foster sustainable development, protect sovereignty over natural resources and promote fair trade and technology transfers.

The world is still well short of fulfilling the original eight Millennium goals, which include a call to halve the number of people living in extreme poverty.

read on: http://news.yahoo.com/world-economic-order-goal-g77-china-summit-034537745--finance.html

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Evo Morales: “Our Liberation is for the Whole of Humanity”. For a Global Brotherhood Among The People

Evo Morales, President of Bolivia, gave this talk at the summit of the Group of 77 plus China, meeting in Santa Clara, Bolivia, on June 14, 2014.

Fifty years ago, great leaders raised the flags of the anticolonial struggle and decided to join with their peoples in a march along the path of sovereignty and independence.

The world superpowers and transnationals were competing for control of territories and natural resources in order to continue expanding at the cost of impoverishing the peoples of the South.

In that context, on June 15, 1964, at the conclusion of an UNCTAD[3] meeting, 77 countries from the South (we are now 133 plus China) met to enhance their trade bargaining capacities, by acting in a bloc to advance their collective interests while respecting their individual sovereign decisions.

Summit of Heads of State and Government of the Group of 77 For a New World Order for Living Well Santa Cruz de la Sierra, Plurinational State of Bolivia, 14 and 15 June 2014

During the past 50 years, these countries went beyond their statements and promoted resolutions at the United Nations and joint action in favor of development underpinned by South-South cooperation, a new world economic order, a responsible approach to climate change, and economic relations based on preferential treatment.

In this journey the struggle for decolonization as well as for the peoples’ self-determination and sovereignty over their natural resources must be highlighted.

Notwithstanding these efforts and struggles for equality and justice for the world’s peoples, the hierarchies and inequalities in the world have increased.

Today, 10 countries in the world control 40% of the world’s total wealth and 15 transnational corporations control 50% of global output.

Today, as 100 years ago, acting in the name of the free market and democracy, a handful of imperial powers invades countries, blocks trade, imposes prices on the rest of the world, chokes national economies, plots against progressive governments and resorts to espionage against the inhabitants of this planet.

A tiny elite of countries and transnational corporations controls, in an authoritarian fashion, the destinies of the world, its economies and its natural resources.

The economic and social inequality between regions, between countries, between social classes and between individuals has grown outrageously.

About 0.1% of the world’s population owns 20% of humanity’s assets. In 1920, a business manager in the United States made 20 times the wage of a worker, but today he is paid 331 times that wage.

This unfair concentration of wealth and predatory destruction of nature are also generating a structural crisis that is becoming unsustainable over time.

It is indeed a structural crisis. It impacts every component of capitalist development. In other words, it is a mutually reinforcing crisis affecting international finance, energy, climate, water, food, institutions and values. It is a crisis inherent to capitalist civilization.

The financial crisis was prompted by the greedy pursuit of profits from financial capital that led to profound international financial speculation, a practice that favored certain groups, transnational corporations or power centers that amassed great wealth.

The financial bubbles that generate speculative gains eventually burst, and in the process they plunged into poverty the workers who had received cheap credit, the middle-class savings-account holders who had trusted their deposits to greedy speculators. The latter overnight went bankrupt or took their capital to other countries, thus leading entire nations into bankruptcy.

We are also faced with an energy crisis that is driven by excessive consumption in developed countries, pollution from energy sources and the energy hoarding practices of the transnational corporations.

Parallel with this, we witness a global reduction in reserves and high costs of oil and gas development, while productive capacity drops due to the gradual depletion of fossil fuels and global climate change.

The climate crisis is caused by the anarchy of capitalist production, with consumption levels and unharnessed industrialization that have resulted in excessive emissions of polluting gases that in turn have led to global warming and natural disasters affecting the entire world.

For more than 15,000 years prior to the era of capitalist industrialization, greenhouse gases did not amount to more than 250 parts per million molecules in the atmosphere.

read on:   http://www.globalresearch.ca/evo-morales-our-liberation-is-for-the-whole-of-humanity-for-a-global-brotherhood-among-the-people/5388643

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