Text Fwd: Joint Declaration Concerning the G20 Summit in Seoul, Nov. 10 11월 10일 '사람이 우선이다-G20 반대 공동 행동 공동 선언문

Put People First
G20, Stop Making People Pay for the Crisis!

Joint Declaration Concerning the G20 Summit in Seoul(November 10th)

The economic crisis that struck the world in 2007-2009 is evidence of the failure of neoliberal financial globalisation, which has dominated the world for the last several decades, propelling financialisation, labour flexibalisation, market liberalisation, free trade, and privatisation. Large-scale financial capital has using speculation and economic bubbles to accumulate great wealth, making the world its stage. At the same time, social injustice and inequality have increased greatly over the last 20 years. Deregulation of the financial market and financial innovation have only meant growing hazard for the world's people. Neoliberal financial globalisation has caused the continuation and deepening of climate change, the energy crisis, the food supply crisis, unemployment and poverty.

Those responsible for the crisis have not been made to pay for it. This method of recovery is not only unjust, it is also unsustainable. In addition, efforts to eradicate the fundamental causes of the crisis are being ignored or put off.

It must be clearly stated: The only way to truly exit the crisis is to put an end to neoliberal policies and bring about fundamental change.

As soon as the economic crisis spread to the rest of the world, the United States and dominant countries in Europe moved quickly to strengthen the G20 as the body charged with solving the crisis. However, the countries leading the G20--the United States and the rest of the G8--are the ones most responsible for creating poverty and inequality by spreading neoliberalism around the world. Moreover, the G20 excludes the vast majority of developing countries. The G20, therefore, is neither legitimate nor representative.

While the G20 has said it seeks to solve the economic crisis it is not, in fact, confronting the central issues of neoliberal policies, the power of financial capital, and inequality and social crisis around the world. The G20 has no real interest in fundamental transformation of the hegemonic system that has ruled the world for the last 30 years, as can be seen in its reinstatement of the IMF. Far from being able to solve the global economic and financial crises, the G20 Summit is only finding ways to spread the cost of the crisis around.

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