Lula Blames “Wise Guys” from Rich Countries for Global Crisis

FAO director Jacques Diouf meets Lula The president of Brazil, Luiz Inácio Lula da Silva thanked, the United Nations for the two prizes awarded for his leadership in fighting hunger and poverty with a strong speech condemning rich countries, global speculation and “capitalist myopia”.

During the opening on Monday in Brasília of the Brazil-Africa Dialogue Forum on Food Security and Combating Poverty, Lula said that if world leaders are not committed with the people living in less fortunate conditions, “it’s much more difficult to make decisions to help the poor.”

The Brazilian President recalled that in 2008 the world was taken by surprise by the soaring prices of food for which first the Chinese were blamed “for eating too much”; then oil and the Arabs, but later it was plain clear it was all to blame on a few “wise guys” from the rich countries making fortunes with papers and speculating with food”.

Lula went on to say that when the sub-prime crisis blew up in the United States, it was discovered that the serious financial disorders caused by fraudulent manipulation with these toxic mortgages was mostly behind the global speculation that ended punishing the poorest peoples of the world.

He also pointed out to the dozens of African leaders at the forum in Brasília that when the global crisis went off, the world “was ready to conclude the Doha Round of the World Trade Organization, but with all the turbulence it all went down the drain and again the poor people were the losers.”

“Two years later the round remains stalled which is most disappointing because it was a chance to open a little bit more markets” so that African and Latin American countries “could export more to the richer countries.”

“The free market policies were extraordinary when poor countries were simply buyers,” said Lula with a touch of irony, because “when we wanted to become exporters the market was not as free as they said, which can only be described as the cruel side of the capitalist myopic approach to these challenges.”

Lula said that economics schools in rich countries should teach “the capitalists that the more Africans and Latin Americans feed, make some money, they will consume more of the high value goods they produce”.

“Many times I’ve asked leaders from developed countries to help Africa and Latin America which are the regions with most farm land left in the world which can certainly guarantee food security,” recalled Lula  who said rich countries have used up all their good land, as well as water resources, which will be scarce this century but still is abundant in Africa and Latin America.

He called for the “socialization” of water resources and said that African rivers dump into the sea an immensity of water that rich countries could help transform into farm programs by financing them.

Finally, Lula, who leaves office next January 1st, insinuated several times that looking ahead he would like to work helping with the joint development of Latin America and Africa in a “South – South axis” to counterbalance the economic might of the US and Europe.

Mercopress

Tags:

You May Also Like

Brazil’s Sweet Deals in the Middle East

Brazilian sugar exports to the Arab countries practically doubled between 2003 and 2004. Figures ...

Brazil Pondering Extradition of Woman Wanted in Murder of Ex-Lebanese Premier

The São Paulo Federal Police (PF) executed the preventive arrest warrant issued by the ...

Irrigated coffee in Bahia, in the Brazil's Northeast

Fleeing the Cold Brazil Coffee Marches Up North

The first coffee plants in Brazil were planted in the northern state of Pará ...

How Christ Met Marx in Brazil

Although Brazil has a great number of religious denominations, about seventy-five percent of its ...

Brazil Sure Widespread Distribution of Condoms Is the Answer to AIDS

The director of the Brazilian Ministry of Health’s National Sexually Transmitted Diseases and AIDS ...

Public Admission of Being Gay Lands Brazilian Army Officers in Jail

Two Brazilian Army sergeants were arrested Tuesday, June 3, yesterday at a TV Network ...

The Great Book Show

Despite the improvement in book sales, reading in Brazil continues to be an activity ...

Brazil’s Electronic Ballot Spreads Throughout Latin America

The election coordenator of the Unit for the Promotion of Democracy at the Organization ...

Brazilian University Gets Zero Energy Consumption Building

USP (University of São Paulo), Brazil's most renowned university, which is financed by the ...

IMF: Brazil and Latin America’s Outlook and Challenges

Global growth reached a three decade high in 2004. Growth is projected to slow ...