G8 rehashes failure

Heads of state from eight of the world’s biggest economies met at the G8 summit in Northern Ireland last week.

The G8 plan committed them to saying that dodging tax is a bad thing—even Britain’s pseudo-independent tax haven colonies. But it did little else.

There was agreement to negotiate a trade deal.

David Cameron said it “could add £100 billion to the EU economy, £80 billion to the US economy and £85 billion to the rest of the world”.

But it’s a rehash of the globalisation agreements of a decade ago—but without as much lip service to “poverty”.

They want to give the private sector more of a role in everything.