Governments of the G20 nations display a trend towards more regulation and less open, free market competition

Giuseppe Gori:

The wording of the 2009 document differs from the previous G20 declaration in the following respects:

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The 2008 document mentions “open trade”. The 2009 does not.

The 2008 document mentions “open global economy”. The 2009 does not.

The 2008 document mentions “competition”. The 2009 does not.

The 2008 document mentions “free market”. The 2009 does not.

The 2008 document mentions “bank secrecy”. The 2009 does not.

(...)

Four and a half months, and a new US president, apparently do make a difference.