"Austerity measures constitute retrogression in human rights, in contravention of articles 2 and 5 of the International Covenant on Economic, Social and Cultural Rights, imposed top-down and never legitimized by popular referendum. Moreover, the “bail-out” of the banking system was undemocratic and inequitable because a “private debt” was rescued through public money, namely, by increasing the public debt, at the expense of social justice. The general feeling of malaise was expressed in the statement that Governments seem to have adopted the elitist view that “banks are too big to fail and bankers too big to jail”, concern being expressed about the dangers of privatization of essential services, including water, and the widespread phenomenon of privatizing profit and socializing cost."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesLawyers from New York (state)Non-fiction authors from the United StatesHistorians from the United StatesPeople from Havana
Original Language: English
Available Languages (1)
Sources
United Nations General Assembly - Promotion of a democratic and equitable international order .
https://en.wikiquote.org/wiki/Alfred-Maurice_de_Zayas
Revision History
No revisions have been submitted for this quote.
Categories
Alfred-Maurice de Zayas
231 quotes on TrueQuotesView all quotes by Alfred-Maurice de Zayas →
Related Quotes
"I am especially worried about the impact that investor-state-arbitrations (ISDS) have already had and foreseeably wil…"
"The ideal of direct democracy, including the power of legislative initiative of citizens and control of issues throug…"
"Self-determination is an expression of the individual and collective right to democracy."
"I am concerned about the secrecy surrounding negotiations for trade treaties, which have excluded key stakeholder gro…"
"Downsizing military budgets will enable sustainable development, the eradication of extreme poverty, the tackling of …"
"Budget and fiscal transparency are necessary tools to prevent the hijacking of the international order by the interna…"
"Disarmament is not just an idle promise; it is also a commitment under article 26 of the Charter of the United Nations."
"The existence of zero nuclear weapons may sound utopian, but the effort is required in the name of humanity."
"Article 103 of the UN charter says that if there is a conflict between the provisions of the charter and any other tr…"
"Representative democracy deserves the predicate “democratic” only if and when parliamentarians genuinely represent th…"