Describing the need for a new financial grouping to challenge the G8 and G20, John Hiliary, in an article in the Guardian (UK) writes, “It is not just that they [G8 and G20] are exclusive, invitation-only forums where deals are drawn up behind closed doors. It is the fact that both the G8 and G20 have championed the same free-market fundamentalism that served the interests of their corporate backers but brought the world economy to the brink of collapse. It is the tune that needs changing, not just the band.” (1)

Such a new economic grouping, which some have called the G192, recently held its first meeting at the United Nations in New York. The meeting, which took place from June 25 – June 30 was officially titled “Conference on the World Financial and Economic Crisis and its Impact on Development.” (2)

Referred to as the G192 because it includes… weiter lesen