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 ...
Free Trade leads to a one world economy and government. Marx wrote about this along time ago. Protectionism needs to make a big come back if the USA is to survive and a free country.
Can anyone tell me one thing the United Abominations has ever done to benefit the US? I don’t believe they were on the scene during the recent hurricanes. They’ve done exactly nothing to sort out the mess in Syria. Or Rwanda. Or the Congo. Or Ukraine. Or Kosovo. They dump on Israel every chance they get, while propping up fools like Castro and Khadaffi.
Why are we financing people who clearly despise us?
UNCTAD sounds like some over-the-counter remedy my grandfather used to take for heartburn.
I think it is really kind of the UN to have a circle on their insignia, I am sure we will need it someday.
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