Capitalism, Brazilian-style

March 10, 2009

Brazil’s president, Luiz Inacio Lula da Silva lays out his views  today on how the world will work in the future. It’s part of a Financial Times blog on the outlook for capitalism:

 

 

 

“It will reward production and not speculation. The function of the financial sector will be to stimulate productive activity…. International trade will be free of the protectionism that shows dangerous signs of intensifying. The reformed multilateral organisations will operate programmes to support poor and emerging economies with the aim of reducing the imbalances that scar the world today. There will be a new and democratic system of global governance. New energy policies, reform of systems of production and of patterns of consumption will ensure the survival of a planet threatened today by global warming. But, above all, I hope for a world free of the economic dogmas that invaded the thinking of many and were presented as absolute truths.”

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