economicide

English

Noun

economicide (plural economicides)

1. The destruction of an economic system by replacing it with a market economy.
   • 1990, African Environment, page 514:

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

   • 1996, Sandra Braman, Annabelle Sreberny-Mohammadi, Annabelle Sreberny, Globalization, communication and transnational civil society, page 92:

     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).

   • 2004, David Lewis, The Management of Non-Governmental Development Organizations, →ISBN:

     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'.

2. Genocide that results from destroying a people's economic basis.
   • 1988, International Freedom Review: 1988:Fall-1989:Summer, page 7:

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

   • 2002, NACLA Report on the Americas - Volume 36, page 1:

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

   • 2012, Willis Bryant, Cold Blood, page 115:

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

   • 2015, Issa Aremu, Reflections on Industry and Economy, →ISBN, page 78:

     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.