Ahmadinejad: Capitalism Faces Defeat, Calls For Overhaul Of 'Unjust' Global Decision-Making

[Purveyor]

By Edith M. Lederer

UNITED NATIONS (AP) - Iran's President Mahmoud Ahmadinejad declared Tuesday that capitalism faces inevitable defeat and called for the overhaul of "undemocratic and unjust" global decision-making bodies.

In a speech on the second day of a U.N. anti-poverty summit, the Iranian leader blamed capitalism and transnational corporations for "the suffering of countless women, men and children in so many countries."

Ahmadinejad's speech to the 192-member General Assembly never mentioned the Millennium Development Goals — the U.N. targets set by world leaders in 2000 to combat global poverty by 2015 — that are the focus of the three-day summit called by Secretary-General Ban Ki-moon to spur their implementation.

The U.N. chief has expressed satisfaction that the world is technically on track to cut extreme poverty by half, the No. 1 goal, though some critics say it's mainly because of the tremendous improvements in China and India. Many recent reports show that the world's poorest countries, especially in sub-Saharan Africa, have made little progress in eradicating poverty.

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