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The Declaration on Capitalism

The Declaration on Capitalism

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Published by: aisze767 on Sep 13, 2008
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06/16/2009

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GLOBAL YOUTH SYMPOSIUM 2008THE UNIVERISTY OF MALAYAKUALA LUMPUR, MALAYSIA
1
The Declaration on“Re-Branding Capitalismby the Global Youth Symposium 2008, the University of Malaya,Kuala Lumpur, Malaysia.“KUALA LUMPUR ’08, DECLARATION I”
The delegates of the Global Youth Symposium 2008 gathered in the University of Malaya from19
th
to 23
rd
August 2008 under the theme of “Empowering Youth – Meeting Global Challenges”to discuss
 AustraliaChinese Taipei Hong Kong, China India IndonesiaKenya Malaysia NepalPakistanSingaporeThailand The PhilippinesVietnam
 
GLOBAL YOUTH SYMPOSIUM 2008THE UNIVERISTY OF MALAYAKUALA LUMPUR, MALAYSIA
2
Preamble
This declaration is based on the premise that the capitalist system practiced throughout the yearshas produced problems such as;AN increase in global unemployment which in turn lays the foundation for the growing dividebetween high and low income groups in society resulting in only a few benefiting fromcapitalism;AN advancement of materialism, which is key in capitalism, has furthermore corroded concernsfor the environment, social development and equality of life;AN instability in inflation rates which increase the suffering of society;AN inefficient allocation of scarce resources due to the want of increasing profits regardless of environmental degradation;AN erosion of personal values and culture are affected while trying to achieve better lifestandard where people only care on monetary rewards (alienation, dehumanisation anddeskilling).
 Now, therefore, Global Youth Symposium 2008 proclaims this declaration as a solution to the problems mentioned above with through a change in corporate bodies termed “Corporate Empowerment”. The above participating nations of this symposium hereby declare as follows:

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