Time to Give Wall Street the Axe, Say Progressive Groups

As heads of state from the Group of 20 (G20) most developed and economically powerful emerging nations meet in Toronto, Canada this weekend, some activists at the U.S. Social Forum in Detroit are urging a more realistic look at the roots of the global economic crisis – and an end to the free-wheeling capitalist model embodied by Wall Street.

While U.S. President Barack Obama travels to Canada Friday to press the G20 to not to scale back on their economic stimulus commitments, activists complain that the bloc excludes the majority of the world's nations from its ranks and decision-making process. Tanya Dawkins, who co-chairs the Social Watch Working Group on Global Finance, Economy and Development, stopped in Canada before heading to Detroit.

“The G20 has advanced the idea that its agenda is narrow and relates exclusively to economics and finance. Yet our experience with the World Trade Organisation (WTO), the IMF and World Bank has taught us that finance and economics touches every aspect of human and community endeavor and therefore determines who in the world will eat, beg, work and have access to life itself, including water, food and shelter,” Dawkins said.

Full Story: Time to Give Wall Street the Axe, Say Progressive Groups – IPS ipsnews.net.

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