Monday, September 22, 2014

Bill Mitchell — G20 meetings and structure part of the problem

The G20 structure is part of the problem and given its current ideological outlook will never be anything but.
It is just an excuse for well-paid officials, most of whom are being supported by the public purse, to swan around the world, wine and dine in opulent hotel and resorts, talk a bit, and do virtually nothing that delivers any benefits to people at large.
Like the IMF and the OECD, the whole institutional structure of the G20 should be abolished.
The fundamental problem is not economic ineptitude. It is oligarchy masquerading as liberal democracy. These leaders are just shills for the global ruling elite mouthing their lines from the neoliberal playbook. Sacking is too good for them given all the immiseration they have wrought delivering for the oligarchs.

Bill Mitchell – billy blog
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia

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