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DEVELOPMENT FINANCE

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js.forum.1JSAPMDD held two workshops as part of the week-long activities of the Social Movements for an Alternative Asia and the Indonesian National Coalition against Neoliberalism and Imperialism/Gerak Lawan which were timed with the 9th Ministerial of the World Trade Organization in Bali, Indonesia. The Global Week of Action from December 1-6, 2013 brought together peoples' organizations and movements from different countries who highlighted the adverse impacts on people and communities, livelihoods and the environment of the corporate-ruled, free trade regime and resoundingly called for an end to the WTO. (See http://smaa.asia/action-plan-and-roadmap-to-bali and http://smaa.asia/endwto/gerak-lawan-social-movements-for-an-alternative-asia-will-take-to-the-street-on-the-opening-of-the-wtos-9th-ministerial-in-bali for more details)

The JSAPMDD-organized Forum on Trade and Climate Justice on December 5 made the the connections between trade and the climate crisis. It called attention to critical areas and issues for action and surfacing unities for coordinated advocacy and campaigning in the region.

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To the chant of “guilty, guilty, guilty!”, a “peoples’ tribunal” indicted the World Trade Organization yesterday for the “systematic violation of human rights, massive destruction of livelihoods and the environment, privatization and commodification of the commons and the violation of international law”.

The court specifically held to account and answer for widespread damages, private entities that Freeport Indonesia Ltd., PAM Lyonnais Jaya Ltd. and Aetra Air Jakarta Ltd., the Japan Bank for International Cooperation, Donggi Senoro Liquid Natural Gas Ltd., Lafarge Cement Indonesia Ltd., Charoen Pokphand Indonesia Tbk., the mayor of Samarinda – Kalimantan, and corporations of coal and pesticides in Brebes, Central Java. It also decried “corporate impunity”, such that justice cannot be accessed in the current judicial system by grassroots people.

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occupy cop17

The fight of Occupy Wall Street is the struggle of all movements in the world. Finance capital, that created the crisis in 2008, has increased its power instead of being disciplined. At present, world GDP is 64 trillion US dollars while the derivatives market reached the incredible figure of 1,500 trillion US dollars in 2011. The speculative economy is 250 times larger than the real economy of the world. Now banks and Transnational corporations (TNCs) are moving to speculate on the impacts of the climate and environmental crises that the capitalist system has created. Prices of food are beginning to climb again because of climate change and speculation in a world where 1 billion people already suffer from hunger. The banks and TNCs like Cargill, Wal-Mart, Monsanto are seeing this situation as a new opportunity to make profits through food derivatives, natural resource grabbing, GMOs, agro-fuels, free trade agreements, structural adjustments, austerity plans and other mechanisms to increase the privileges of the 1% at the expenses of the 99% of the world and at tremendous cost to our Mother Earth.

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JSAPMDD is organizing a series of activities this April to tackle crucial issues on water, climate, taxes and gender concerns.

JSAPMDD's Activities

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The system of debt continues to devastate the lives of people around the world. People in the South face the daily impacts and consequences of the financial indebtedness of their countries, which far from having been "relieved" is growing in step with the crisis and the pursuit of extraordinary profits by the most concentrated forms of capital. They continue also to bear the burden of the unpaid historical, social, ecological, and climate debts which are increasing as well to the rhythm of false solutions to the global crisis.