UN General Assembly President Miguel d'Escoto Brockmann said on Wednesday that the current global economic and financial crisis proves that the logic of capitalism is evil and suicidal.
During a ministerial meeting of the Coordinating Bureau of the Non-Aligned Countries (NAM) hosted in Havana, d'Escoto said that the current world order promotes selfishness, usury as well as social and environmental irresponsibility.
"Those are the values of the capitalist culture, so bad is the situation that we take seriously our universal brotherhood and its consequences or we all die," d'Escoto said.
D'Escoto said the UN world conference in June is supposed to decide the design of a new global economic and financial architecture.
The NAM ministerial meeting began on Wednesday. The ministerial session was held in Conventions Palace with the presence of Cuban Leader Raul Castro.
The session will conclude on Thursday with the approval of the Final Declaration, which will be taken to the 15th summit of heads of state and government from the NAM, in Sharm el-Sheik, Egypt from July 11 to 16.