The G-20 summit brought together world leaders to debate the international economic crisis, but George W. Bush’s lame-duck status contributed to a lack of action.
The Real News Network spoke to Prof. Leo Panitch, and economist, Doug Henwood about what was proposed at the meeting and what was accomplished.
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Henwood says it’s very difficult to imagine these varied countries coming together and ceding sovereignty to an international economic body. Panitch says it's time to democratize the financial system while the need for reform is obvious.
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