Posted on 09/14/2017 10:19:08 AM PDT by Oldeconomybuyer
The world must ditch austerity and economic neo-liberalism and undertake a global “New Deal” to rebalance the global economy and achieve prosperity for all, the U.N. trade and development agency UNCTAD said in a report on Thursday.
UNCTAD chief Mukhisa Kituyi said the global economy was picking up but still not lifting off.
Much of the blame was aimed at “neo-liberalism”, a term used to refer to governments cutting back on their own role and leaving the private sector to lead economic and social development within a free-market capitalist system.
After decades of such policies, the system was perceived to be unduly biased in favor of a handful of large corporations, financial institutions and wealthy individuals, the report said.
The world now needed a “21st century makeover”, it said.
”There are plenty of alternatives out there and they are urgently needed given the kind of economic and social imbalances that we are currently facing.”
”It needs a serious regulation of corporate abuse in both the financial and the corporate sector and it requires serious redistributionary measures – both fiscal and more innovative measures,” he said.
(Excerpt) Read more at reuters.com ...
Enough said.
Time to end funding for EVERYTHING in the U.N. but the Security Council. It alone still provides a useful public fig leaf for cooperation.
The rest is just attempts at meddling in the sovereign affairs of nations and does not in any way represent an unbiased “authority” on ANYTHING.
The UN ,The leaders in World Communism
Liberalism in this case refers to old definition involving freedom, not the FDR slightly less authoritarian than Hitler and Mussolini meaning we’ve come to know. Got to get rid of that freedom to benefit the UN.
Ah, if I’m going to take advice on how to manage economic prosperity I’ll look for some with a name like Mukhisa Kituyi. After all, look at all the dynamo economies in Africa. This fellow must be a true expert.
GET THE U.N. OUT OF THE U.S.!
We have redistribution now. We distribute our money in exchange for Turd World raw materials and cheaply manufactured goods. The problem is what the Turd Worlders do with all that money. Most of it seems to end up in Zurich under a scant few account names. Not our problem.
HA HA. These people are insane. There has been no "austerity" whatsoever. Global debt is estimated at $217 Trillion in 2017, about 3X what it was 15 years ago. Emerging markets have gone from $2 Trillion to nearly $20 Trillion in that time.
Want to see real austerity? Watch what happens when that debt bubble pops.
The UN can bite me
>> a free-market capitalist system <<
Yep. That sorta thing has got to go. We need a return of full-bore Marxism all over the world. That’ll fix whatever ails us. For sure!
Global Communism- the solution to everything from poverty to climate change. Is there anything that corrupt oppressive government can’t fix? (/s)
We need a new U.N. rule, if your people never got around to inventing the wheel, you don't get to vote.
Oh, this is rich.
“How are you going to turn all of your rule over to us if you do not rule everything first?”
I think the report confuses crony capitalism with a robust free market economy with those regulations needed to protect health and safety. I have not read the report so this is just speculation. I also wondering if there was any mention of how outright corruption has contributed to the inability for some nations to pull themselves out of an economic quagmire.
Amazing to me that, nearly 30 years after the Soviet Union fell, the Marxists seem to be in firm control.
Such as ?
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