Measures in Favor of Banks Will Not Solve World Crisis
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- Business and Economy
- Politics and Government
- 03 / 04 / 2009
The theme was analyzed in a panel called "From the Financial to the Global Economic Crisis: Impacts and Lessons" with the participation of Argentinean Claudio Katz, American Jan Kregel and Belgian Christian Ghymers.
"We cannot continue trying to rescue institutions that went bankrupt, because that is typical of capitalism. The real regulations have to be made by the people," Katz said.
He added that the increase in military spending and wars are other expressions of the current global recession.
For his part, Ghymers noted that today's collapse, that is affecting the whole capitalist system, is a result of neo-liberal globalization and the accumulation of debts.
Meanwhile, Egyptian Samir Amin, President of the Third World Forum, said that the government of Barack Obama and his economic team in the United States are unable to solve the current world crisis.
The 11th International Meeting of Economists on Development Problems was inaugurated on Monday in Havana's Conventions Palace in the presence of Leonel Fernandez, President of the Dominican Republic and Jose Ramon Machado Ventura, the Cuban First Vice President.