Heads of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela: Capitalism ‘threatens life on the planet’

We, the Heads of State and Government of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela, member countries of ALBA, consider that the Draft Declaration of the 5th Summit of the Americas is insufficient and unacceptable for the following reasons:

– The Declaration does not provide answers to the Global Economic Crisis, even though this crisis constitutes the greatest challenge faced by humanity in the last decades and is the most serious threat of the current times to the welfare of our peoples.

– The Declaration unfairly excludes Cuba, without mentioning the consensus in the region condemning the blockade and isolation to which the people and the government of Cuba have incessantly been exposed in a criminal manner.

For this reason, we, the member countries of ALBA believe that there is no consensus for the adoption of this draft declaration because of the reasons above stated, and accordingly, we propose to hold a thorough debate on the following topics:

1. Capitalism is leading humanity and the planet to extinction. What we are experiencing is a global economic crisis of a systemic and structural nature, not another cyclic crisis. Those who think that with a taxpayer money injection and some regulatory measures this crisis will end are wrong. The financial system is in crisis because it trades bonds with six times the real value of the assets and services produced and rendered in the world, this is not a “system regulation failure”, but a integrating part of the capitalist system that speculates with all assets and values with a view to obtain the maximum profit possible. Until now, the economic crisis has generated over 100 million additional hungry persons and has slashed over 50 million jobs, and these figures show an upward trend.

2. Capitalism has caused the environmental crisis, by submitting the necessary conditions for life in the planet, to the predominance of market and profit. Each year we consume one third more of what the planet is able to regenerate. With this squandering binge of the capitalist system, we are going to need two planets Earth by the year 2030.

3. The global economic crisis, climate change, the food crisis and the energy crisis are the result of the decay of capitalism, which threatens to end life and the planet. To avert this outcome, it is necessary to develop and model an alternative to the capitalist system. A system based on:

Read the rest:
http://rabble.ca/news/2009/04/declar
ation-cuman%C3%A1-capitalism-thr
eatens-life-planet

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