A Summit of Sorts

Representatives from 19 of the world's most powerful countries gathered together this week, ten years after the G-20 was founded, to discuss matters of the world-wide economy.  The Group Twenty includes the following countries:

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America, and also including the European Union, represented by the rotating council presidency. 

This kind of gathering should not only aid in the palliation of the "recession" but also foster peace and unification between countries.  Ironically a protest of anarchists and anti-capitalists broke out in the streets of London.  Demonstrators through things into the windows of different governmental and royal banks and clashing with police. 

So far the only plan these big-wig countries have been able to conjure up is to implement new processes to basically "spend" our way our of debt.  Daniel Hannan, a member of Britain's parliament, wrote, with a sarcastic air, in his telegraph.co.uk blog that it's "just what we need to stimulate growth...more dirigisme, more red tape, more state control, and more centralization."  Along with this British politician, I too am a bit skeptical of the plans of President Obama and the other Leader of the G20 summit. 

Let's hope this "summit" doesn't trigger any kind of further decline.