[Marxism] Analysis of the G20 Summit

[brad bauerly <bbauerly@xxxxxxxxx>]

>>>This is much better IMHO (from a newsletter for investors):

G20: US$ Funeral, US Failed Debtor
from the latest Hat Trick Letter by Jim Willie
<http://www.goldenjackass.com/>. Extract:
"... Why is the G20 Meeting a turning point? First of all because the
US$-based global financial structure is broken. In plain words, the
USDollar is totally broken as the global reserve currency, fully
discredited, and the anchor dragging down the national banking systems
in scores of countries.">>>

The only thing that has changed is that China is now in the club and the US
will reconstitute its hegemony (I hate that word) by bringing this group
together to rebuild global capitalism.  There is no challenge to the US
dollar and there will not be for sometime.  Why must the left read
everything as the end of capitalism, or US empire, or neoliberalism...
Without a working class to force the change, we will get more of the same,
if not a heightened neoliberalism.

Read the report from the G-20 summit I sighted and tell me what exactly has
changed?  Anyone? Anything?

Brad



-- 
Brad A. Bauerly
PhD Candidate
Political Science
York University
Toronto, Canada
647-345-2072
bauerly@xxxxxxxx
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