The G20 summit was an historic one. It marked a decisive change in the relative weight of the imperialist countries versus the Global South, to the benefit of the latter.
Imperialism’s interest in overturning the rule of the CPC in China, under the euphemistic rubric of “security”, “democratic values” and “rules based order”, was codified in the week of summitry comprising the meetings of the G7, NATO and the Biden-Putin summit.
Resist G7: Justice for Palestine Protest
1pm Saturday 12 June
Downing Street, London
The following article by John Ross, examining the current slow growth of the G7 economies, was previously published on Learning from China.
The Western G7 economies are in, and will remain locked in, very slow growth. How slow this growth is can be seen starkly by taking an historical comparison: the average growth in the Western economies in the entire period since the international financial crisis in 2008 will actually be slower than in the Great Depression after 1929!