The present G20 summit in Korea, halfway through, looks like a damp squid
already, despite all the expectations that it would produce the beginnings
of some sensible monetary/trading system. I rather think that the
institution of the G20 has already had its day and that any future monetary
order is only going to be arrived at by a few players -- America, China and
Germany perhaps? Perhaps with Russia and Brazil also? Quite besides the
economic clout of these countries, the best size for any committee is about
five -- effective decision-making tails off steeply after that. (This
number, sans oldies, nursing mothers, children and a few adolescents, is
about the size of the group in which homo sapiens and his immediate
forebears evolved -- in which his social behaviour was largely shaped --
for several millions years.)
Keith
Keith Hudson, Saltford, England
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