Bring On More Summits In 2010, Say Politicians. The More The Better
January 4, 2010
Adam Lovejoy writes: World leaders love to take part in summits that provide them with an opportunity to be seen as statesmanlike, serious and important, while actually enjoying themselves and doing pretty much nothing. In the past year there were dozens of summits, with the biggest of them all taking place in Copenhagen, where something like 192 world leaders had gathered at some point – to prove that they really felt strongly about the weather. It was a joy to see them pose for photographs, assume businesslike postures and walk with a sense of purpose in different directions, in the magnificent Bella Centre. Even though the climate summit did not produce any results it was obvious that the world leaders enjoyed it immensely and were looking forward to the next occasion.So what is to...
More Breaking News. From The Stirring Trouble Team
November 7, 2009
Today we present more breaking news items. From the wires of the Stirring Trouble team. Breaking News: G20 finance ministers gather in Scotland to share a laugh at all the idiots who fell for their bullshit about the recession ending. Breaking News: British Prime Minister Gordon Brown reveals that on many occasions when he calls the White House some young girl’s voice tells him to f..k off. Breaking News: White House insists that President Barack Obama knows what he is doing. He just pretends to be idle and indecisive, spokesman says. Breaking News: Asked why he said in 2007 that Obama ‘was not fit to be president’ Vice President Joe Biden declares: I was pissed at the time. Out of my wits. Breaking News: Palestinian President Mahmoud Abbas says that he is stepping down in January...
Let’s Scrap The G8 And G20 And Let The US And China Do Their Thing
November 3, 2009
Anton Goryunov writes from Moscow: I would like to make a radical suggestion: let’s scrap both the G8 and the G20 groups of nations that gather regularly for no apparent reason and decide absolutely nothing. Instead, the G2 group should emerge in their place that would include the United States and China, the two most pompous and annoying nations in the world.You are probably wondering: what would be the advantages of such an arrangement? Well, first of all, the G2 meetings would be held only in America and China and that, in turn, would mean that other countries would no longer have to cope with influxes of world leaders, with huge entourages, and there would be no need to spend vast amounts of money on hosting these useless gatherings and providing security for them. Secondly, the G2...
Why Has The Current Economic Downturn Not Resulted In An Upturn For Communism?
October 5, 2009
Martin McCauley writes: To paraphrase Karl Marx, it is a truth universally acknowledged that capitalists sow the seed of their own destruction. This time, bankers got too greedy. The supposed collapse of the capitalist system was music to the ears of communists.Why has the Left not ridden back to power on the backs of the worst recession since the 1930s? In Germany, the conservative CDU, backed by the pro-market Free Democrats, are poised to form a government in Berlin. The left-wing party, the SPD, turned in its worst performance in decades. In Pittsburgh, leader of the G20, representing about 90 per cent of the world’s Gross Domestic Product, wracked their brains to find ways of making markets work better. And they included China, the leading communist state in the world; Russia with...
How About Bringing Back The Common Market? And Some Common Sense With It?
September 25, 2009
Thomas Mathew writes: As the second referendum on the Lisbon treaty in Ireland approaches that would pave the way to creating a federal European superstate I would like to pose a question: whatever happened to the Common Market? You know, the one that calls itself the European Union now? I for one voted in favour of the United Kingdom becoming a member of the Common Market, an idea which was sold to us by our political rulers on the basis that it would bring down the trade barriers between us and Continental Europe, with each country retaining its own laws and traditions. It would only be about free trade, we were told then. As in free movement of goods and services across borders. And we agreed, naïve people, thinking that it made common sense to have fewer problems with trade in Europe. But...
Multinational Companies Will Outwit The G20 Regulators. You Can Bet On It
April 14, 2009
Martin McCauley writes: Globalisation has led to a proliferation of multinational companies (MNCs). The distribution of MNCs with headquarters in different countries has expanded remarkably. In 1999, in the top eight countries (USA, Japan, Germany, UK, Netherlands, France, Switzerland and Sweden), there were 1,572 MNCs with sales of over $50 billion but this number jumped to 4,008 with sales of over $200 billion in 2008. Hence percentage growth was 140 per cent. Even more astonishing, the number of MNCs outside the leading eight countries in 1999 was 167. In 2008 this had risen to 1,384. In other words, an increase of 729 per cent. Not surprisingly, the United States had the largest number of MNCs in 1999 or 26 per cent of the world total. Although the number of MNCs by 2008 rose by 150 per...
Is China Heading For Recession? It Could Result In A Serious Social Upheaval
November 13, 2008
By Martin McCauley: Chinese leader Hu Jintao is going to Washington DC this weekend, to attend the G20 summit of world leaders, a worried man. Not since the early 1990s has Chinese economic growth been so low. One economist calculated that the economy may grow by only 5.5 per cent in 2009, half of that achieved in 2007. With 8 per cent annual growth regarded as necessary to secure social harmony, the leadership of the Communist Party of China (CPC) is facing a huge challenge. If America is hoping that China will bail out the advanced economies, it is in for a shock. Beijing will concentrate on solving its own domestic problems before thinking about the new financial architecture that will be needed to stabilise the world economy. Evidence of this was provided last week when China announced...
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