As another global economic crisis looms, is it time to disband the G20?

We need to be aware that the failure to bring global finance to heel and, in fact, the encouragement given to it, have brought the world to the brink of another major crisis

Nirmala Sitharaman is attending the G20 finance ministers meeting this weekend in Riyadh. The formal name of the gathering is “Summit on Financial Markets and the World Economy.” It serves neither purpose.

Between 2011 and 2013, I covered four summits for the Hindu Business Line where I was employed at the time. The first one that I covered was at Toronto. The second at Cannes. The third at Seoul. And the fourth at Los Cabos in Mexico.

It had become clear even in 2011 at the Toronto summit, that it was a complete waste of time, for a very simple reason: Wall