Community | November 17, 2008 | 15 comments

G-20 summit 'punts' till April

source: http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=2805

Vierotchka
G-20 leaders have a nice dinner but do not deal with how to make financial institutions serve the public.

Following the wrap of the G-20 summit, The Real News Network spoke to Prof. Leo Panitch, and economist, Doug Henwood about what was proposed at the meeting and what was accomplished. Henwood says its very difficult to imagine these varied countries coming together and ceding sovereignty to an international economic body. Panitch says it's time to democratize the financial system while they're on their back heels.

Leo Panitch is the Canada Research Chair in Comparative Political Economy and a Distinguished Research Professor of Political Science at York University in Toronto. Panitch is also the author of "Global Capitalism and American Empire" and his most recent release "American Empire and the Political Economy of International Finance".

Doug Henwood is the founder and editor of the Left Business Observer. Henwood is also a contributing editor of The Nation and does a weekly program on WBAI radio, New York's Pacifica outlet. His book, "The State of the USA Atlas" was published by Simon & Schuster in 1994; "Wall Street" was published by Verso in 1997 (paperback, 1998) to great acclaim.

Related Stories:

http://current.com/items/89534503/europe_imf_take_center_stage_at_g_20.htm

http://current.com/items/89534104/the_lame_duck_economic_summit.htm
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15 comments // G-20 summit 'punts' till April

  • themanwithadog
    • 0
      themanwithadog  

    • GW called the meeting simply to press flesh with other top dogs at a beanfeast and for them to bid him farewell. I do not think many will give him their true feelings about his presidency as truth is not a commodity that many politicians are accustomed to .

      In april Obama will hopefully bring some fresh ideas and genuine feeling for the needy into the equation

    • 3 years ago
  • oldgerman
    • 0
      oldgerman  

    • No, not really; the other 19 went home and plan a number of rules to rule the financial market as soon as Mr Bush is gone and they hope Mr Obama will join the rules, because they schould help the world, which not means the millionaires and billionaires which are the friends of Mr Bush.

    • 3 years ago
  • oldgerman
    • 0
      oldgerman  

    • They could not come to an agreement because Mr Bush from USA dit not want to have any restrictions on the financiell burglers, desperados, thiefs and what ever.

    • 3 years ago
  • samanthadian
    • 0
      samanthadian  

    • They might have said, "why don't we want until Jan. 21 to reconvene?" It would have been a little more honest. Who knows where the economic crisis will be in April!?

    • 3 years ago
  • Brockie
    • 0
      Brockie  
    • samanthadian:

      I think you are right. Even though the members of the G20 didnt come out and say so. They know Bush is on his way out the door. So why waist their time even talking to him. So everyone got together and had a nice dinner, took some pictures and went home. And as Doug Henwood noted, no one even spilled any soup. So all things considered, it was a good meeting.

    • 3 years ago
  • phoenixtoo
    • 0
      phoenixtoo  

    • They as well as the American public understand that Little Georgie is irrelevant other than indulging in what little time he has left in office in mischief and mayhem. Jan. 20 is sooooooo far away.

    • 3 years ago
  • TexasPatriot67
  • NEwsNuT888
    • 0
      NEwsNuT888  
    • TexasPatriot67:

      I hate to break it to you but there's no stopping globalization. Its called the internet and technology. To try and fight it you would only be screwing yourself. America has to learn how to adapt to the world and its economy, simply refusing it would be catastrophic. If you want protectionist economy move to China.

    • 3 years ago
  • ivxx
  • Vierotchka
  • uppityprogressive
    • 0
      uppityprogressive  
    • TexasPatriot67:

      Hey newsnutt888, China's doing pretty good right now. They own our ass. That's why their middle class is growing at unprecedented rates while ours evaporates. They have protections and we do not. Plus, we borrow from them to wage war on others. Globalization on steroids, only we've been living beyond our means. All for the sake of the corporate elite.

    • 3 years ago
  • uppityprogressive
    • 0
      uppityprogressive  
    • TexasPatriot67:

      Hey newsnutt888, China's doing pretty good right now. They own our ass. That's why their middle class is growing at unprecedented rates while ours evaporates. They have protections and we do not. Plus, we borrow from them to wage war on others. Globalization on steroids, only we've been living beyond our means. All for the sake of the corporate elite.

    • 3 years ago
  • CalgarC
  • bedeboop
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