Het Actiefonds:

Lombokstraat 40
1094 AL Amsterdam
The Netherlands

Contact:

+31 (0)20 6279661
info@hetactiefonds.nl

NL 46 TRIO 0338622039

Follow us on:
Newsletter:

50 years of neoliberal counterattack

ACTION • Disrupting the G7 and neoliberal agenda-setting Germany and Italy

Locatie

Debt for Climate Germany reminds the G7 of the promise of a new international economic order.

g7 - IMF - neoliberalism - World Bank

donate now

Half a century ago, there were well worked out plans to establish fair and equal international relations between countries after decolonization. However, the major industrial powers wanted to prevent such a “New International Economic Order” and united in the G7. The Actiefonds supported a delegation from Germany that traveled to Italy to revive this ideal during the 50th G7 summit.

Action

Self-determination

After gaining formal independence, countries were frustrated by the lack of economic independence. Their “Charter of Economic Rights and Duties of States,” the precursor to the “Declaration and Action Program on the Establishment of a New International Economic Order,” was adopted by the United Nations General Assembly in 1974 with 115 votes in favor and 6 against. Only the US and its allies rejected the proposal. It included the right to self-governance without interference, self-determination over natural resources, and a fair exchange of technology. Today, however, control over the formerly colonized countries is maintained through a loan system and the conditions attached to it.

Trojan Horse

To illustrate this, the activists entered Apulia with a large wooden Trojan horse. At first glance, it carried development aid, loans, and other support measures from the International Monetary Fund and the World Bank. However, hidden inside the horse were neocolonial domination and exploitation. The horse was well received by the local population and media but faced some interference from the Italian police.

Milei

Back in Germany, the group protested against the visit of Javier Milei, the far-right president of Argentina. He was there to receive an award from the controversial Hayek Society for his radical restructuring of the economy. His government launched an attack on social achievements and leftist movements, leading to an increase in requests from Argentina to Het Actiefonds. With your support, we can continue to help to ensure that exploitation is not rewarded and that neocolonial policies are brought to an end once and for all.