Ahmadinejad says capitalism faces defeat

Iran's President Mahmoud Ahmadinejad affirmed Tuesday that capitalism countenances predictable defeat and called for the repair of "undemocratic and unjust" global decision-making bodies.

In a words on the second day of a U.N. anti-poverty peak, the Iranian leader blamed capitalism and transnational businesses for "the affliction of innumerable women, men and children in so many countries."

Ahmadinejad's speech to the 192-member Universal Assembly by no means mentioned the Millennium Development Goals — the U.N. aim set by world leaders in 2000 to battle global poverty by 2015 — that are the center of the three-day peak called by Secretary-General Ban Ki-moon to spur their implementation.

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