It takes a Deep Recession to replace 7 with 20!

After years of dominating the whole world, 7 is being replaced by 20 to make sure that the representatives become all encompassing.

This Recession which began in US had a huge impact across the globe, but is felt the most in the developed part i.e. the group of G-7.

So forced to give-in the supremacy, the G-7 is now trying to accommodate the developing nation into the elite group.

Us, which is blamed for all its greed and other activities that have taken a dent on its image, is surprisingly the one which has initiated this process of giving more power to G-20.

At times one may wonder if the EU is the actual culprit in the world economic forums, not not US as is perceived.

Not that US can be said as a great proliferator of free trade especially with the recent 35% import duty on Chinese tyres.

Getting back to the topic, Iam sure there would be huge reluctance from the G-7 to give-in to sharing of powers with the G-20 which make the forum all the more dynamic.

Iam not sure if there would be any backing for this group from the existing elite panelists.

Comments

Post a Comment

Popular posts from this blog

Now...why Marry in the first place?

Is marriage a license to satisfy bodily desires? Is marriage a provision to acquire a partner for lifetime? Does marriage really act like an agreement between two mutually adjustible parties? Or is it that one of the members comprimises and is forced to comply? Our religious scriptures say that marriage is an activity for the culmination of two bodies eventually to give birth to children. The clause is raising children. As I mentioned earlier, this explanation itself was enough to justify the marriage system. Earlier People had patience and belief in the system. Every one would abide by the existing practices in the society. Yester years have gone by and every one knows the ground reality, and we are still planning to marry. And marriage has become synonymous for one to be assumed as sane. ( Has it? ). On a more personal front... I believe I owe everything to parents, coz, my existence itself is because of them. So to take care of them is my duty. When I have a very broad vision or a p
Read more

Caste & misinterpretation of religious scriptures!

This is an article, which I thought of writing long ago, nevertheless it took me so long to shed my laziness. I was watching this documentary, which was about the ill effects of castism in India. THough the religious aspect of that is the one that I wouldn't appreciate, the things about the barbaric acts against different castes makes you wonder if the system is really worth it. A lady is raped and her husband killed because she stood and won the elections against an opponent who belongs to upper caste. Children who are around 5-10 years of age are taught about castes and the thoughts are inculcated into their minds. Those innocent minds aren't even aware that they are following an act which may lead them nowhere. They are aware of one thing, that, people of lower caste carry need to be shed off. During the Q & A session, I gave the example of the differential treatment between the castes, not between the lower and upper castes but among upper castes, and this is being impl
Read more

Blast in Hyderabad!!

Today blasts occurred in Mecca Masjid in Hyderabad. Though I've never been to that Masjid or towards those areas, all that I know for sure is, it is the epitome of sanctity for muslims in Hyderabad. Imagine the title that would have been given to these blasts, if they were to be showcased by major media channels across the world. CNN or any US major media network would write it as: Terror strikes at the heart of the city. Terrorists have targetted a major and the most coveted spots in the biggest city of southern part of the Indian sub continent. The blasts have been meticulously planned to occur at the time of Namaj, the time in which all the muslims gather in a Masjid and pray. The timing of the blasts is perfect in the way, they occurred on the same day in which the culprits of the Mumbai blasts, that occurred in 1991, have been sentenced to imprisonment. President Bush has condemned the attacks. He said that we should be prepared to deal with these attacks and insisted that ter
Read more