Article: Bretton Woods ghost at G20: It's hegemony, stupid

Article from:
Daily Mirror
Article date:
April 3, 2009
Copyright

Colombo, April 3 -- The disagreement among the global financial powers meeting in London for the G20 summit, described as crucial to deal with the worst economic slump since the 1930s, smacks of the skullduggery surrounding the Bretton Woods conference 69 years ago.

Aimed at revitalizing the world economy struggling to stand on its feet after the economic crisis of the 1930s and the devastation of World War II, the Bretton Woods conference was conceived in good faith by economists with vision and a genuine desire to bolster the world economy through peace and development.

But in the end, the talks strayed into the dark alleys of capitalism and helped the United States to emerge as the ...

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