Thursday, April 2, 2009

G-20: Welcome to the Multi-Polar World


by: Mark Weisbrot, The Guardian UK | Visit article original @ The Guardian UK

As much as Barack Obama may be loved abroad, he can't reverse the decline of Washington's influence.
The run-up to the G-20 meeting has been interesting and colorful. President Lula Da Silva of Brazil declared that "this crisis was caused by the irrational behavior of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing." His full remarks made it clear that he was not promoting biological race theories but calling attention to the injustice that the vast majority of the world, who happen to be both poor and non-white, should suffer for the greed and stupidity of a few. China also let loose with an uncharacteristic broadside against the United States, basically saying that we (the Chinese) have gotten our act together and are mobilizing massive resources internally to counter the downturn; now how about you clowns who made this mess step up to the plate, before we take more losses on your stinking treasury bonds? It was worded somewhat less rudely, but still a stunning departure from the "hide brilliance, cherish obscurity" motto that has guided Chinese foreign policy.(Read the entire text at Truthout)

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