Jubilee Debt Campaign

A Committee on monetary, financial experts and economists, headed by Nobel laureate Joseph Stiglitz and appointed by the President of the General Assembly, has already done some preparatory work for this meeting. That’s good news. An effective measure would also cancel the debt of impoverished countries. Because these debts have been paid far and were owed to abusive conditions. The cancellation of debt would allow impoverished countries have more resources without need the dubious help of the IMF. Before the final document, Juan Torres grants and topped the Summit’s conclusions might be commendable, but the media will be of little effectiveness, because they have not clearly explained the causes of the crisis. And without to clarify the causes of the disease only a miracle can make that doctor can cure it. Nicholas Dearden, director of Jubilee Debt Campaign (campaign debt), yes points out what happens: or more enfervorizados supporters of the free market today argue that globalization has improved the lives of most people on the planet.

On the contrary, a system with inherent crisis, which has fueled levels of inequality without precedent, has finally collapsed. So we must remember the saying of Keynes: the difficulty lies not so much in developing new ideas, as in shaking the old ones. Revolution? Maybe not so much, but urges get the scalpel in back or this does not fix it or God.

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