Magazine article New Internationalist

Koreans Brace Themselves for the G20 Travelling Roadshow

Magazine article New Internationalist

Koreans Brace Themselves for the G20 Travelling Roadshow

Article excerpt

11-12 NOVEMBER

G20 SUMMIT

When South Korea gained the chair of the G20 it was on the cards that a major confrontation would occur between the country's assertive popular movements and the group of powerful national governments who claim the right to steer the global economy. Koreans have never taken the ravages of globalization lying down nor shown any reluctance to take to the streets to defend their rights.

The official preparations for the Seoul summit are becoming ever more bizarre. When it hosted the G20 in June, Canada's Conservative government spent a billion US dollars - more than three times the security budget for any previous summit - and arrested over 1,000 mostly peaceful demonstrators. Not to be outdone, the South Korean government of Lee Myung-bak and his right-wing Grand National Party have built three artificial islands, secured by anchors, in Seoul's Han River so that the world's most powerful politicians can be barricaded from angry protests. Lee plans to use up to 400,000 police and soldiers to make sure that the global political élite is not disturbed by demonstrators opposed to their attempt to right the global economy by making workers and poor people pay the bill for the economic collapse.

The same corporations whose speculative excesses (and big bonuses) provoked the economic crisis will be on hand for a simultaneous CEO Summit to help influence the politicians' thinking and curtail any excess enthusiasm for regulation. Nestlé's Peter Brebeck and HSBC's Stephen Green will be among those making sure the politicians don't stray from the corporate agenda. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.