Resolution number: 08
Title:
Submitted by: International Federation of Liberal Youth
The Congress of the Liberal International, convened in Abidjan, Côte d’Ivoire, on 20 October 2012
Recalling the resolution ‘ The Global Financial Crisis’, adopted at its 56th Congress in Manila, Philippines, which identified a failure of stewardship as one of the causes of the crisis, while condemning national protectionism and calling for efficient policies to support the economy in the short and longer term
Noting that the Financial Crisis has brought to the world a new wave of political measures that, depending on how electors and governments are going to act, may result in great improvements or a decreasing level of quality of life,
Deeply concerned by the fact that these approaches not only strangle the economy and crush market innovation but also represents an indirect way to a corporatism model,
Deplores the popular belief that consider some companies “too big to fail”, understanding that in a free market economy collapses are necessary to promote innovation and to prevent monopolies;
Expresses its appreciation to developing economies that instead of bailing-out big companies are reducing taxes and directing its public investments to enable the creation and development of new business;
Affirms that free trade’s main importance resides not in economic development but in the possibility of promoting peace by bringing citizens and governments together;
Reiterates its firm belief in the classical liberal principle that the market is an instrument in the service of economic progress and that liberals must put liberty in first place as a creative force that multiplies opportunities for everyone;
And understanding the value of the aforementioned tax reductions, non-interventionism and free trade policies,
Congratulates governments and entrepreneurs that understands crisis as an opportunity to innovate and generate wealth;
Calls for new policies directed to reward entrepreneurship and not lobbying skills;
Urges citizens to get engaged into policy-making debates and electoral campaigns in order to assure that politicians will be guided not by the interest of companies but by the possibility of boosting life quality, economic development and human rights.
