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Oilwatch International notes that the economic and political formation known by the acronym BRICS (Brazil, Russia, India, China and South Africa) started as an idea of Goldman Sachs for describing the main emerging markets. It is easy to read as a grouping conceptualized not in the interests of the people or the earth but for the sake of capital accumulation for the 1% and dispossession of the 99%, sustained by a system for the continuing extraction and consumption of fossil fuels. |
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CALL TO ACTION! Deal a decisive blow to Neoliberalism End the WTO and the Stop the new wave of Free Trade Agreements The time is now for Economic Justice! The capitalist system is in a deep crisis. Since the 2008 financial crisis where the system nearly imploded, it has yet to fully recover. And instead, the crisis has spread and has deepened the food, economic, energy and climate crises. The deep systemic crisis is crystal clear evidence that the neoliberal regime must come to an end. However, instead of listening to the 99 percent, the governments, led by the G-20, have imposed austerity measures, cutting social services, making the people pay for the bailout of banks and corporations and doing nothing to curb the speculators who played a major role in the crises. |
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Jakarta, February 15, 2013. The Indonesian People's Movement against Neocolonialism-Imperialsm (Gerak Lawan) demands that President Susilo Bambang Yudhoyono and the House of Representatives to put Indonesia out from the World Trade Organization (WTO) membership. The WTO has weakened the national competitiveness and moreover encouraged corruption in the country. |
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