2023-09-12 10:38:55
Tuesday Sep 12, 2023
For billions of Indians like Shankar, the G20 begins with Modi. They are used to seeing it in all government departments. That is what DAVP ads are teaching. Therefore, they will not see any protests from the third world countries including India once morest the G20 which was almost forced by the G7 countries. Anashankaran, who was a leftist until he joined the army, returned as Subedar Major, losing the party and becoming a mere devotee. First the Residents Association, then the Ambala Committee, and then the Samudaika Sangathan, following getting frequent promotions, I did not care that much even though the man was turning into a staunch communalist. It’s just that politics is no more. Anyway, not a neighbor! But on the following day, the man came into the house without any provocation and started throwing questions. Ammathiri questions were never expected from Sankaran. G Seven or G Seventy Seven? The first question was whether G7, G20 or G77 is bigger. The face was telling that Shankar was not satisfied with the answer of nothing more than nothing. The next question was taken quickly. It was not Cuba’s presidency of the G77. I said yes. Indonesia chaired the G20 last year. The next question is how Modi did this year. (If you ask who is the president of the last year, the answer you get is Indonesia, but this year’s president is called Modi instead of India! The people do not know that the ‘magnitude’ of ordering to write ‘Bha Japa’ in Hindi and ‘BJP’ in English on medicine packets and bottles is behind it. Propaganda is as if that title is because he is a statesman who was brought to power by the people). If I start answering the questions one by one with the G77 there is a lot to say. There’s the G7, there’s the G8, there’s the G20, there’s the 22, there’s the 33, and then there’s the G77. As soon as I said that I respect only the G77 in this, the question arose whether it seems that way because Modi is the chairman of the G20! I say that honor not only because it was born in 1964, eleven years earlier than the G7 and G8 series, but also because, although it is G77 by name, it now has 134 member states in addition to the 77 countries that were there when it was formed. Moreover, its stated objective is to be a forum for promoting the economic interests of developing countries. As such, it has a tradition of fighting once morest the more developed countries in public forums such as the United Nations. The demand for a code of conduct for multilateral sanctions was endorsed by the United Nations as a group of newly independent Third World countries. The G77 has also called for a New International Economic Order (NIEO) to replace the current system led by international monopolies. It also stood on the human side, raising its voice once morest apartheid and for disarmament. I said that’s the reason. G4, G5, G6, G7, G20 means G7 was an elite club of developed rich countries. The G5 is made up of America, Britain, Germany, Japan and France, Italy and G6 and then Canada and G7. The system, known as the Political 8 and G7+1, became the G8 in 1997 following Boris Yeltsin was invited to a meeting to include Russia. Shankaran also knows that even then it has been working to protect the interests of the big monopolies in the very rich countries. But when he said that the G20 was formed on the initiative of the G7, the elder did not believe it. The party said that it is because of hatred towards Modiji. To the rescue, Susan Seiderberg remembered Susan Seiderberg. That memory was saved at the right time. Her ‘The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South’ is on the shelves. It deals with the relationship between the imposition of neoliberal hegemony in the global South and the politics of the new international financial architecture. It also details how the deliberations at the summits of the G7 countries led to the formation of the G20. Quickly grabbing the book, he found the previously underlined passage. Here are the lines on page 81: After hearing provisional reports from such adhoc committees as the G22 and G33, whose membership was selected under the watchful eye of the US, the G7 leaders created the G 20 on 25 September 1999 in Washington DC. . After listening to the temporary reports of the G22 and G33 temporary committees selected under the watchful eye of the United States, the G7 leaders formed the G20 in Washington DC on September 25, 1999! When he heard that much, he agreed, but then the grip that the elder got became G22 and G23. Present on it. Realizing that such systems were incredible new knowledge to him, that too had to be explained. G22 then became G33 and then G20. Shankaran said that the announcement of the G22, also known as the Williams Group, was made by former American President Bill Clinton. Sankaran’s tension seemed to melt when he realized that the group convened to discuss changes to the shape of the global financial system had changed to the G20. It’s like the guy has become more realistic and wiser now! G Sevenization? For billions of Indians like Shankar, the G20 begins with Modi. They are used to seeing it in all government departments. DAVP ads are teaching the same thing. Therefore, they will not see any protests from the third world countries including India once morest the G20 which was almost forced by the G7 countries. The concern was that such a scam would be implemented more widely for the G7, a rich club of developed countries. At that time, the sensible people said that the G7 countries will take their own decisions and impose them on the people of the world through the G20. Time has proven that the then suspicion that the G20 will become a mere listeners’ club to justify the G7 ideas is correct. It was not only the Third World countries that opposed the formation of the G20. France, a developed and wealthy country, strongly opposed it, fearing that the G20 might usurp the powers of the IMF, headed by its own Michel Camus (a fear that has now been proven misplaced). Italy was also with France. Their position was that when the IMF’s Board of Governors has the International Monetary and Financial Committee (IMFC) which provides advice on the global economy, why another system? The rationale was that there was no need for a new arrangement since the 24 members chosen from among the governors of the 190 member countries decided the matters. Although Britain was with the G20, it was worried regarding losing its mandate to the IMFC, chaired by its finance minister, Gordon Brown. Canada welcomed the G20, believing it would be better than the US-led G22. The real story of G20 When you read these different positions today, you will be convinced that the system called G20 is just an extension of the rich club called G7. Shankar was almost convinced of it. But Shankar is only one in a hundred and forty crores. It is trying to mislead the majority to believe that the G20 presidency is part of Modi’s triumphant journey to global leadership. It is enough to ask those who try to believe so if they know the story of the emergence of G20. It is an international association formed only in 1999. A small arrangement compared to the United Nations. It does not even have its own secretariat. The G7 countries held their own consultations to deal with the recession at a time when many of the countries that had taken their prescriptions for granted were experiencing frequent recessions, undermining the credibility of the international financial institutions themselves. Due to the interconnectedness of the world’s economies, economic instability in one country can cause trouble for all countries. Therefore, the need for financial capital is to ensure financial stability at the global level. Due to the interconnectedness of the world’s economies, economic instability in one country can cause trouble for all countries. Therefore, the need for financial capital is to ensure financial stability at the global level. Consultations for this were held as G7 summits in Halifax and Cologne. The New International Financial Architecture is the system that emerged from the discussions held there. Its main component, the Sarvani Sadya of the G20, was served with dishes cooked during the G7 meetings. Two other mechanisms accompanying the G20 are the Financial Stability Forum and the Return of Observances of Standards & Codes. To unify the norms and regulations means to make them compatible with G7. To ensure financial stability, it is suggested to strictly implement the supervisory systems in the banking, insurance and stock exchange sectors. In this way, NIFA was formed to make the developing countries and the underdeveloped countries, including the third world countries, under the control of the very rich countries. This is the role that the G20, which is a part of that NIFA, fulfills. That is not what creates the hype regarding the G20 and its presidency. As many of the Indian monopolies have become multinational monopolies, the G20 declarations are just one way that the Indian ruling class reveals its class character in the days of crony capitalism. If this is not conveyed to the people quickly, they may fall into the pit dug by the Sangh Parivar. As many of the Indian monopolies have become multinational monopolies, the G20 declarations are just one way that the Indian ruling class reveals its class character in the days of crony capitalism. If this is not conveyed to the people quickly, they may fall into the pit dug by the Sangh Parivar. In order to avoid it, the needle points need to be extended towards this hollow balloon like the tip of other lies. (From Deshabhimani Weekly) Read on deshabhimani.com
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