The Power of the 99% to Stop Corporate Capture & Debt

We are thrilled to launch the comic entitled “The Power of the 99% to Stop Corporate Capture and Debt,” a political education tool to spur discussion and deepen understanding of the root causes of debt and its colonial legacies, the role of corporate capture as a driver of the debt crisis, and the intersection with other issues such as the care and climate crises. Ultimately, this comic strives to inspire action to confront corporate capture and the economic models imposed by the International Monetary Fund (IMF), the World Bank, and private creditors, which prioritize creditors' profits and corporate interests at the expense of human rights, including the right to a healthy environment.

We also aim to challenge the dominant narrative propagated by economic and financial elites, who use convoluted language to obscure the injustices within the system. Therefore, above all, this is a story of possibilities and a reminder that united, we can stop corporate capture, cancel illegitimate and unsustainable debt, and advocate for transformative change.
Download the comic:

English | French | Arabic | Spanish
 
From 11-15 October: Join ESCR-Net Members to #ClaimOurFuture to the IMF & World Bank
 

Increasingly, countries in the Global South are in deep debt distress. The IMF, World Bank, and private creditors are again expecting countries to prioritize debt repayment at the expense of public provision and human rights. Further, they are using debt crises to impose economic and social changes aligned with the interests of corporate and financial actors. 

Thus, coinciding with the IMF/WB Annual Meetings (9-15 October 2023, Marrakech, Morocco), several ESCR-Net members will be present to advocate for debt cancellation and transformative change.

Help Us Make Change Happen!


1. From 11-15 October, join our social media campaign to  #ClaimOurFuture and #CancelDebt, targeting the IMF and World Bank (@IMFNews @WorldBank). In our digital action kit, you will find messages, graphics and key advocacy resources.
 
GO TO ACTION KIT

2. Share our Demands for Debt, Care, and Climate Justice 

> In English, Spanish, French, and Arabic
 
Acknowledgements
 

Special thanks to our members from the ESCR-Net’s Economic Policy Working Group and the Corporate Accountability Working Group for their important contributions to crafting this story. We also wish to acknowledge the immense efforts of our allies and the hundreds of organizations, Indigenous Peoples’ and feminist groups, and social movements fighting to reclaim human rights and public interest in the face of the growing power of corporate and financial elites. They are building alliances and working together toward the change we aspire to see—a world where solidarity, care for people and the planet, and substantive equality guide decisions and shape structures that ensure human rights for all.
 

For more information about our collective work on Debt Justice, please contact Collins Liko at cliko@escr-net.org. For information about our work to Stop Corporate Capture, contact Mona Sabella at msabella@escr-net.org. For press inquiries, Esther de la Rosa at edelarosa@escr-net.org. 
 
ESCR-Net - International Network for Economic, Social & Cultural Rights

ESCR-Net — International Network for Economic, Social & Cultural Rights

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