Spanish Prime Minister urges world to rethink business model

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OVIEDO from Spain

Spanish Prime Minister Pedro Sanchez told world leaders they have an urgent moral duty to “offer the world a new horizon of growth and progress” and that the current socio-economic model is lacking for young people.

Speaking virtually to the United Nations General Assembly on Friday, the Spanish socialist leader called for a progressive agenda focused on technological progress, the fight against climate change, poverty and discrimination.

Without naming anyone, he criticized world leaders who have eroded the foundations of multilateral institutions like the World Health Organization and the World Trade Organization, promoted nationalism and abandoned international treaties.

“We cannot and must not leave the future of our young people in the hands of those who intend to put in place the physical and ideological boundaries that we have worked so hard to break down,” said Sanchez.

He said the COVID-19 pandemic, the climate crisis and a recent series of recessions demonstrate that many of the fundamental ideas of the world order are no longer viable.

“We cannot continue to aspire to rapid and artificial growth. We cannot build a world based on environmental destruction. We cannot feed the fiction of progress which only means more injustice and inequality, ”he argued.

Sanchez called on countries to commit to more aggressive targets to tackle climate change and strengthen multilateral institutions, adding that financial institutions must change their approach to Latin America.

“We have allowed discontent and mistrust of governments to spread around the world. Whether out of indifference or cowardice, we have ignored insidious developments, ”he said.

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