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World Development Movement

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Global financial crisis: Time for a new economy

The past few months have seen one of the most significant financial crises in North American and European history, a crisis caused by 'global greed' - a reckless and unregulated economic system which has been biased against the poor for decades. The spiralling levels of inequality and instability created by this system have created enormous social and environmental problems.

Once again, the fall-out of this crisis will have a detrimental impact on millions of ordinary people in the UK, and billions of people in the poorest countries of the world. But while those that created the crisis have been bailed out (bonus intact) with unprecedented sums of taxpayer money, the poor in developed and developing nations have received nothing.

Let's call time on global greed. The same systems that create poverty here - unfair trade rules and tax systems, debt burdens, privatisation and attacks on welfare spending - also create poverty in the developing world.

Only a system which works for the poorest of the world will ensure a just, sustainable and prosperous world for all of us.

Take action now - tell Gordon Brown and the leaders of the G20 to Put People First