G20: You Can Smell Tear Gas in the Streets as the Oil Industry Squabbles
NOVANEWS
What the G20 and OPEC meetings mean for the political relations, economies, and people of the world
by: Vijay Prashad
From the air-conditioned rooms of the oligarchy, we go to the tear gas of the streets. (Photo: Leon Neal/Getty)
Last week, two important meetings took place—one, in Buenos Aires, Argentina, of the Group of 20 (G20) nations, and two, in Vienna, Austria, of the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers. The two meetings did not produce any resolution to the major economic challenges in the world. But they did soothe the nerves of financial markets. At the G20, the United States and China dialed down the temperature over trade but did not settle the long-term grievances each side has of the other. At t...