The Struggle Against Illegitimate Public and Private Debt Which Are at the Core of the Capitalist System

Counter Information

Global Research, April 07, 2018
CADTM 6 April 2018

The seventh CADTM South Asia regional workshop started in Colombo (Sri Lanka) on April 6, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Below is the general introduction by Éric Toussaint, spokesperson for the CADTM international network.

What we are fighting is a capitalist system that destroys nature.

We have to fight a capitalist system which, within the two centuries since the so-called Industrial Revolution, has accumulated enough greenhouse gases to trigger climate change.

It sees nature merely as resources to be extracted, exploited and traded for maximal profit.

A capitalist system that confines the inhabitants of many countries to producing raw material to be exported at the lowest possible price.

A system that drives people to produce food they will not eat and to eat food they have…

View original post 869 more words

2 thoughts on “The Struggle Against Illegitimate Public and Private Debt Which Are at the Core of the Capitalist System

  1. True, as far as it goes, but another missed opportunity in my view. The story of debt needs to start out “Every time you go to a private bank to borrow money – or you use your credit card – or your government borrows money, the bank creates the money out of thin air. This is the ONLY way money (98% of it) can be created in our economy. Which means there is no way to get rid of debt without totally reforming the monetary system.”

    Otherwise people just don’t get it and their eyes glaze over.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s