Medea Benjamin: ALBA, an Economic Alternative for Latin America

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ORTEGA

“The capitalist model of development is simply unsustainable. If your economy is controlled by speculative capital that only cares about profits, you can’t solve the huge problems affecting humanity. Once we renounce the free trade model, we can begin to address the massive problems of unemployment, poverty and global warming.”

MORALES

“In 1990s, the World Bank and the International Monetary Fund imposed their disastrous policies, and then the U.S. tried to impose the Free Trade Agreement of the Americas-which should really be called the Free Profits Agreement of the Americas because it is meant to increase the profits of US corporations. But people of the hemisphere rejected that agreement, so now the U.S. is trying-country-by-country-to get bilateral trade agreements. They are always trying to divide us, but we salute the great resistance to empire that we see throughout the hemisphere.”

CHAVEZ

[Chavez] railed against the “dictatorship of global capitalism”, and encouraged Latin American countries to withdraw their international reserves from United States banks, warning of a looming US economic crisis. “Why does that money have to be in the north?”, he asked. “We should start to bring our reserves back home.”

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This entry was posted on Tuesday, January 29th, 2008 at 9:12 AM and filed under Americas (incl. Carribean), Articles, Economics, Energy, Foreign Affairs. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

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