John Samuel

Politics and economics are twins, shaped and driven by power relations. A financial crisis does not happen within a political vacuum.

“It is over”, a succinct way of informing the death of a dogma, the greed, driven neoliberal capitalism. On September 15, 2008, that is how one of stockbrokers in Wall Street described the fall of the Lehman Brothers.

The Hokkaido summit is happening in the midst of international policy and political crisis. Though G8 leaders claim that it is the grouping of the democratic and developed nations of the world, the irony of G8 summit is that it is one of the most undemocratic of the global processes.