North Muskoka Resorts Benefits from G8 Summit
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#1 May 21, 2010
Related Topix: Huntsville, ON, Canada, Ontario, North Bay, ON, Sundridge, ON, North America, Canada, World News, Bracebridge, ON
...*G20 has no Solution to Economic Crisis*
Financial stability as promoted by the G20 has not been the experience of
Canadians. Canada, like the most of the world, has experienced
unprecedented job loss since the most recent global economic crisis which
began in September of 2008. As an industrial town, Hamiltons manufacturing
sector has been particularly hard hit, with thousands of jobs lost to the
hands of foreign owned monopolies and in the name of fiscal responsibility.
Is this the financial stability of which the G20 speaks, job losses, wage
freezes and cuts, attacks on pensions and benefits?
Not only did the G20 fail to predict or prevent the worst global economic
crisis since the 1930s, their solution to it has been to intensify and
further entrench the institutions and economic system which gave rise to the
crisis in the first place. They could have implemented emergency measures
to help the people get through the crisis, but they didnt. Instead, they
used trillions of dollars of public funds to save the private for-profit
banks and other monopolies, funnelled more money to the International
Monetary Fund (IMF) and the World Bank, and pushed for more free trade and
the privatization of public assets ...
#2 Oct 31, 2010
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