G8, THE GAME IS OVER

  • by Hazel Henderson
  • Inter Press Service

A powerful new global player has emerged on the world stage: the Group of 192, writes Hazel Henderson, author of Ethical Markets: Growing the Green Economy (2006), president of Ethical Markets Media, an independent social enterprise covering local economies, new currencies, and the growing green sectors.

In this article Henderson writes that while the G8, which met in L'Aquila, Italy, July 8-10, boasts that its members account for over 65 percent of the Gross World Product, it comprises only a handful of countries and a mere 14 percent of the global population.

The G192, on the other hand, represents for the first time all of the world's national economies, from North to South and East to West. Long dismissed by financial elites in the now discredited, shrinking global casino, the G192 met in New York at the United Nations General Assembly June 24-26. The G192 has envisioned a new world game. They see finance serving people and a healthier, sustainable, and just future for all. They see huge opportunities in the collapse of the global casino and in the climate crisis to change course and invest in building cleaner, greener economies worldwide.

//NOT FOR PUBLICATION IN CANADA, CZECH REPUBLIC, IRELAND, POLAND, THE UNITED STATES, AND THE UNITED KINGDOM//

© Inter Press Service (2009) — All Rights ReservedOriginal source: Inter Press Service