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G20 summit adopts declaration despite US boycott, opposition
- andsoitis 1y agoHere's the text of the declaration: https://dirco.gov.za/wp-content/uploads/2025/11/2025-G20-Summit-Declaration.pdf https://dirco.gov.za/wp-content/uploads/2025/11/2025-G20-Sum... "We recognise that inequality, unemployment, under-employment and informal employment, pose significant threats to global economic growth, development, social and economic stability." They got it reversed. Stagnation of global economic growth, which is what most of the declaration pushes for, leads to poverty, less human development. Not the other way around.
- bigbadfeline 1y ago> Stagnation of global economic growth, which is what most of the declaration pushes for, leads to poverty You got it backwards. The race to the bottom starts with redistribution to the top which leads to lower standard of living and poverty which lead to reduction of funded demand (lack of customers who can afford to pay) and that causes stagnation.
- andsoitis 1y agoStagnation happens when societies no longer take big risks. Optimizing for safety is an example of capping risk taking.