The G20 Summit held in Washington DC on Saturday was an explicit recognition of the increasing influence of developing nations - and with good reason. But did the meeting come up with any concrete action? Is the world's economic map being redrawn? And can there be a practical global regulator of the entire world economy?
We (US) need to stop farm subsidies (or cut back MAJORLY), stop corporate wellfare and let the market weed out the poorly performing firms. Then we need to invest in education for a more flexible workforce and start building comparative advantage in the new technologies of the 21st century (clean/efficient energy, bio-medical stuff, high-efficiency infrastructure, etc.) But our debt is the worst obstacle.
The IMF and the World Bank have to be abolished!
mrshutter77 3 years ago 4
We (US) need to stop farm subsidies (or cut back MAJORLY), stop corporate wellfare and let the market weed out the poorly performing firms. Then we need to invest in education for a more flexible workforce and start building comparative advantage in the new technologies of the 21st century (clean/efficient energy, bio-medical stuff, high-efficiency infrastructure, etc.) But our debt is the worst obstacle.
spikesmth 3 years ago