The Vacuity of the G-20

With another G-20 come and gone, what in the world has changed? Here’s what the summit did not accomplish:

No change in trade policy.

No change in environmental policies.

Will any of the leaders who signed the communiqué spend a moment thinking about how to implement it back home, asks Walter Russell Mead in the WSJ. G-20 summits are forgotten before the leaders reach home.

The world is not governed, or even significantly influenced, by a committee of 20 presidents and prime ministers signing vaguely worded statements with no binding force; history is not made by communiqué.

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.