The world leaders at the G20 should take their protestors more seriously

At present France and Germany are pushing for a world wide new currency and dramatically increased regulation. President Obama, on the other hand, is pressing for every wealthy nation to pass Economic stimulus bills. All of this may have some positive effect, but it misses the point.

The reality is that a few multinational corporations control the world’s economy. These corporations are created to maximize profits and externalize costs. This means they pay the lowest price possible for labor, take every short cut in production they can, and heap the potential losses on consumers. This Corporate Capitalism is the root of our entire economic crisis. But no one, as far as I can tell, is acknowledging this.

Well almost no one. There are numerous protectors at the G20 summit who are actually arguing that the entire system of globalization and Corporate Capitalism is immoral and inefficient. But note how they are treated. Such protesters are dismissed as cranks, fanatics, and radicals. No doubt some - perhaps even many - of them are. But the protesters are the ones who truly get to the problem.

And there is what is wrong with the G20 summit and the thinking of world leaders. Until these leaders and the media that covers the begin to understand, as well as the protesters do, how corrupt and broken the present system is, we cannot make any genuine long term progress.