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Interview in PressTV News (1-12-2018) G20 Members divided on trade, climate change

Summary:
This is another G20 summit in the current era of global turbulence The roots of this global turbulence lay in the shaking foundations of especially Western capitalism: a severe crisis in 2008, a weak recovery, low profitability, increased exploitation of workers and middle strata The shaking foundations of Western capitalism endanger the position of its ...

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This is another G20 summit in the current era of global turbulence


The roots of this global turbulence lay in the shaking foundations of especially Western capitalism: a severe crisis in 2008, a weak recovery, low profitability, increased exploitation of workers and middle strata


The shaking foundations of Western capitalism endanger the position of its dominant superpower, the US.


The latter proceeds aggressively to buttress its dominance: unilateralism, international aggression, protectionism and de-globalisation.


Globalisation, which was the vehicle for Western supremacy at the end of the 20th century, is no longer useful and has to be replaced.


The economic weakness and US aggression triggers similar reactions from the other Western powers but also from the new emerging poles of the world system.


G20 summits, a product of globalization, cannot paper out these conflicts. They seem, more and more, a relic of the past.


The G20 summit in Buenos Aires is characteristic. It takes place in a devastated by Western imperialism country, with a new authoritarian neoliberal government that threw again the country into the arms of its butcher, the IMF.


The G20’s agenda covers issues fraught with conflicts. Its start is marred with problems (cancellation of the Putin-Trump meeting, the Western hypocrisy regarding the murderous Saudi regime etc.). It offers a façade but cannot resolve the deep differences and conflicts.


Stavros Mavroudeas
He is currently Professor of Political Economy at the Department of Social Policy of Panteion University. He was previously Professor of Political Economy at the Department of Economics of the University of Macedonia. He studied at the Economics Department of the National Kapodistriakon University of Athens, from where he received his BA Economics (1985 - First Class Honours).

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