ISLAMABAD, Nov. 22 (Xinhua) -- Iranian President Mahmoud Ahmadinejad said here on Thursday that the world needs a new order on the basis of the fundamental principles of justice and humanity, claiming the era of capitalists has come to an end with the tiding of a new age for humankind.
"We have been witnessing the emergence of a more-complicated form of colonialism and hegemony which has been tightening its grip on the world resources, imposing its toll on all of us one way or another," the Iranian president said at the ongoing D-8 ( Developing Eight) summit in Islamabad.
"Former colonial power and slave masters in a new guise and with new slogans are using different methods and tactics to dominate and plunder resources of nations on the basis of the same hegemonic doctrines," he said.
Militarism, occupations and violation of other countries' national sovereignty have been rising as in countries like Afghanistan, Iraq and Pakistan, he said.
"Because of their predominance over the world monetary system, worthless paper assets were printed to loot and deplete systematically the wealth and resources of nations," he said.
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