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Capitalism versus Socialism

Logic of capitalism is evil - UN General Assembly president

Capitalism versus Socialism, Capitalism 72%

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UN General Assembly President Miguel d'Escoto Brockmann said on Wednesday that the current global economic and financial crisis proves that the logic of capitalism is evil and suicidal. 

  During a ministerial meeting of the Coordinating Bureau of the Non-Aligned Countries (NAM) hosted in Havana, d'Escoto said that the current world order promotes selfishness, usury as well as social and environmental irresponsibility. 

  "Those are the values of the capitalist culture, so bad is the situation that we take seriously our universal brotherhood and its consequences or we ll die," d'Escoto said. 

  D'Escoto said the UN world conference in June is supposed to decide the design of a new global economic and financial architecture.

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See Xinhuanet


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