economicide

The destruction of an economic system by replacing it with a market economy.

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).

Genocide that results from destroying a people's economic basis.

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.