Committee for the Abolition of Illegitimate Debt

We are at a critical juncture. At a time when the world faces a series of crises, from the environmental emergency to hunger and deepening inequalities, increasing armed conflicts, pandemics, rising extremism, and escalating inflation Inflation The cumulated rise of prices as a whole (e.g. a rise in the price of petroleum, eventually leading to a rise in salaries, then to the rise of other prices, etc.). Inflation implies a fall in the value of money since, as time goes by, larger sums are required to purchase particular items. This is the reason why corporate-driven policies seek to keep inflation down. , a collective response is growing. A large movement is building and concrete solutions are emerging to counter the dominant paradigm of growth, privatisation and commodification.

Hundreds of organisations across socio-economic justice and public services sectors, from education and health services, to care Care Le concept de « care work » (travail de soin) fait référence à un ensemble de pratiques matérielles et psychologiques destinées à apporter une réponse concrète aux besoins des autres et d’une communauté (dont des écosystèmes). On préfère le concept de care à celui de travail « domestique » ou de « reproduction » car il intègre les dimensions émotionnelles et psychologiques (charge mentale, affection, soutien), et il ne se limite pas aux aspects « privés » et gratuit en englobant également les activités rémunérées nécessaires à la reproduction de la vie humaine. , energy, food, housing, water, transportation and social protection, are coming together to address the harmful effects of commercialising public services, to reclaim democratic public control, and to reimagine a truly equal and human rights oriented economy that works for people and the planet. We demand universal access to quality, gender-transformative and equitable public services as the foundation of a fair and just society.

The common political framing of coloniality helps us to recognise the structures and mindsets that have historically constructed and continue to drive economic inequality, injustice and austerity - that have left public services chronically under-funded for decades. The neoliberal economy, magnified by the current pattern of hyper-globalisation, is defined by perpetuating extraction, control, dependence, subjugation, patriarchy and the current global division of labour, disproportionately impacting the Global South.

The commercialisation and privatisation of public services and the commodification of all aspects of life have driven growing inequalities and entrenched power disparities, giving prominence to profit Profit The positive gain yielded from a company’s activity. Net profit is profit after tax. Distributable profit is the part of the net profit which can be distributed to the shareholders. and corruption over people’s rights and ecological and social well-being. It adversely affects workers, service users, and communities, with the costs and damages falling disproportionately on those who have historically been exploited.

The devaluation Devaluation A lowering of the exchange rate of one currency as regards others. of public service workers’ social status, the worsening of their working conditions, and attacks against their unions are some of the most worrying regressions of our times and a threat to our collective spaces. This is deeply linked with the patriarchal organisation of society, where women as workers and carers are undervalued and absorb social and economic shocks. They are the first to suffer from public sector cuts, losing access to services and opportunities for decent work, and facing a rising burden of unpaid care work.

Austerity cuts in public sector budgets and wage bills are driven by an ideological mindset entrenched in the International Monetary Fund IMF
International Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.

http://imf.org and many Ministries of Finance that serve the interests of corporations over people, perpetuating dependencies and unsustainable debts. Unfair tax rules, nationally and internationally, enable vast inequalities in the accumulation and concentration of income, wealth and power within and between countries. The financialisation of a wide range of public actions and decisions hands over power to shareholders and undermines democracy.

This gathering in Chile follows years of growing mobilisation around the world. It builds on the 2019 international conference in Amsterdam and the resulting book The Future is Public: Towards Democratic Ownership of Public Services, as well as a series of groundbreaking events that brought together thousands of people online, and the adoption in 2021 of the Global Manifesto for Public Services and the related Manifesto on Rebuilding the Social Organisation of Care.

 Our Future is Public

We commit to continue building an intersectional movement for a Future that is Public. One where our rights are guaranteed, not based on our ability to pay, or on whether a system produces profit, but on whether it enables all of us to live well together in peace and equality: our buen vivir.

A Future that is Public is one where neither women, nor Indigenous Peoples, nor persons with disabilities, nor the working class or migrants, nor racialised, ethnic or sexual minorities, bear an unfair and unequal burden in our societies. It is a future where the continued legacy of colonialism is broken through meaningful reparations, debt cancellation and a complete overhaul of our global economic system, including through reducing material and energy use by wealthy economies.

Who owns our resources and our services is fundamental. A public future means ensuring that everything essential to dignified lives is out of private control, and under decolonial forms of collective, transparent and democratic control. In some contexts this means decisive local, regional and/or national interventions by the state. In other contexts this means strengthening people’s organisations, including trade unions, and expanding spaces of self-government, commons, collective and community control of resources. We value public-public or public-common partnerships, but we resist the public-private partnerships that only serve to extract resources from the public for private interests.

A Future that is Public also means creating the conditions for enabling alternative production systems, including the prioritisation of agroecology as an essential component of food sovereignty. To that end we need to take back control of decision making processes and institutions from the current forms of corporate capture to be able to decide for what, for whom and how we provide, manage and collectively own resources and public services.

The public future will not be possible without taking bold collective national action for ambitious, gender-transformative and progressive fiscal and economic reforms, to massively expand financing of universal public services. These reforms must be complemented by major shifts in the international public finance architecture, including transformations in tax, debt and trade governance. We need to seize the momentum generated by the recent successes of African and other Global South countries towards creating a UN intergovernmental framework on tax and the 4^th Financing for Development Conference.

Democratising economic governance towards truly multilateral processes is critical to overhaul the power of dominant neoliberal organisations and reorient national and international financial institutions away from the racial, patriarchal and colonial patterns of capitalism and towards socio-economic justice, ecological sustainability, human rights, and public services. It is equally essential to enforce the climate and ecological debt of the Global North, to carry-out an expedited reduction of energy and material resource use by wealthy economies, to hold big polluters liable for their generations-long infractions, to accelerate the phasing-out of fossil fuels, and to prioritise finance system change.

A Future that is Public recognises the urgent need for international solidarity and globally systemic but contextually differentiated, solutions. It is an essential element of a just, feminist and decolonial transition, that places public service users and workers at the centre, and will enable us to rebuild a sustainable social pact for the 21^st century.

 We will take action

We will join forces across sectors, regions and movements to formulate and carry out common strategies and new alliances towards joint proposals for a just, feminist and decolonial transition in the face of the climate and environmental crises. We will work to transform our systems, valuing human rights and ecological sustainability over GDP GDP
Gross Domestic Product Gross Domestic Product is an aggregate measure of total production within a given territory equal to the sum of the gross values added. The measure is notoriously incomplete; for example it does not take into account any activity that does not enter into a commercial exchange. The GDP takes into account both the production of goods and the production of services. Economic growth is defined as the variation of the GDP from one period to another. growth and narrowly defined economic gains.

Working in solidarity with grassroots groups everywhere, including Indigenous Peoples, youth, older persons, and persons with disabilities, we will:

• Work transversally and in solidarity between sectors and movements, building our collective analysis and supporting each other’s work and demands, rallying forces behind iconic collective struggles.

• Invite each other in sector meetings, share Share A unit of ownership interest in a corporation or financial asset, representing one part of the total capital stock. Its owner (a shareholder) is entitled to receive an equal distribution of any profits distributed (a dividend) and to attend shareholder meetings. good practices and develop collective programmes and demands.

• Report back within our organisations, networks and sectors, and continue strengthening and expanding engagement of our respective sectors as pillars of the broader movement.

• Work together to strengthen human rights institutional and legal frameworks for the protection of public services.

• Mobilise for a process of organisational, intersectional self-reflection, transformation and action.

• Work towards establishing a collective virtual space on Our Future is Public to share experiences and political tactics.

• Continue articulating demands for policy-makers across public services, policies, and investments that could take the form of a public services pledge for municipalities and national governments.

• Engage with aligned local and national and international authorities to support alternative, fairer models of governance.

• Consult about the form, scope, and focus that an Independent Commission on Public Services could take and work together to build it.

• Organise regular convening spaces to strengthen groups and movements working on our public futures Futures A futures contract is a standardized advance commitment, negotiated on an organized futures market, to deliver a specified quantity of a precisely defined underlying asset at a specified time – the ‘delivery date’ – and place. Futures contracts are the most widely traded financial instruments in the world. and explore another global conference within the next three years.