The Declaration of Cumaná: Capitalism 'threatens life on the planet'

[TOJ]

Capitalism 'threatens life on the planet'

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.

Pres Doofus's best friends are trying to help him convince the Congress to pass his programs without delay.


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