Meaning of economicide | Babel Free

Definitions

1. The destruction of an economic system by replacing it with a market economy.
2. Genocide that results from destroying a people's economic basis.

Examples

“Wester privatization and collectivization both lead⟳ to economicide, or the destruction of the economic basis of reciprocity.”

“On the one hand, such an approach⟳ emphasizes the destructive effects of modernity, which include⟳ the "homeless mind⟳" psychological syndrome (Berger, Berger, & Kellner, 1974); processes of ethnocide, defined by Clastres (1988) as cultural genocide; and processes of economicide — the replacement of traditional economic structures and mechanisms by modern market rules (Temple, 1988).”

“In this view⟳, NGOs are modernizers and destroyers of local economies which were once based on age-old systems of reciprocity, into which NGOs introduce⟳ Western values to local communities and bring⟳ about a process⟳ of 'economicide'.”

“Thus it was possible to commit genocide by means of economicide and this, in turn⟳, was the direct⟳ result⟳ of state planning.”

“Bolivian peasant leader and congressman Evo Morales condemned the FTAA as a “reproduction of savage capitalism” that would result⟳ in “economicide” for small producers.”

“Hymies and guineas used menticide, economicide, crime, agitcide, agricide, and other things.”

“One year of deregulation of downstream sector has however pushed us from economic crisis to the brink of economicide, defined here as conscious match⟳ to economic suicide and economic ruination through suicidal policy option of import based deregulation.”

CEFR level