Wednesday, April 01, 2009

G20 - what good it could do

While the UK media fawns over the arrival of Barack Obama, and several thousand solutionless people who are statists or anarchists, the G20 summit COULD achieve good if only two things happened.

1. The G20 came out, unanimously, against trade protectionism, in favour of renewing the Doha round, and a new emphasis on lowering barriers to trade in primary products, manufactured goods and services. THIS could do more to encourage global recovery than any other government measure because, it basically, is about removing government measures.

2. The less free G20 members (China, Russia in particular) might notice that an economy in trouble can have public political protests largely kept under control.

However, this is unlikely. Far more likely are platitudes, a few moans from poorer countries that it isn't their fault (but showing how dependent they are on wealthy country demand), and a demonstration that everyone is in agreement that the recession should end.

On the other side, I've noticed in the protests some Soviet flags (because the USSR was known to accept public protests as a matter of course), and the hard left "Stop the War Coalition" is calling for US withdrawal from Iraq and Afghanistan, an end to aid for Israel and unilateral nuclear disarmament. In other words, surrender to Islamists and leave nuclear weapons in the hands of dictatorial governments. Charming lot.

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