Earlier this month, world leaders at the G20 Summit in St. Petersburg, Russia were promising to develop proposals to regulate big banks and international tax heavens. Meanwhile, an international group of activists in the same city were proposing a striking alternative.
Participants in the G20 Counter-Summit spent two days discussing ways to solve the intertwined financial and environmental crises that the G20 has been unable or unwilling to seriously address for five years now. Fingering the neoliberal economic policy of G20 members as the main obstacle to worldwide economic recovery, the conference called for a renunciation of austerity policies and World Trade Organization agreements in favor of stricter regulation of markets and capital flows, a broadening of public services and the development of sustainable methods of production and consumption. Participants also drafted a statement condemning any attempts at an outside attack on Syria, which coincided with their call for an end to US hegemony and the emergence of a multipolar world.
Read more...At G20, Politicians Push the Same Neoliberal Agenda That Got Us Into This Mess | The Nation
