Wall Street Journal
September 26, 2011
They came, they met, they wined (and whined), they dined, they talked, and they left. Perhaps the best proof of the mounting irrelevance of the gathering of finance ministers, central bankers, and assorted world leaders at the annual meeting of the World Bank and the International Monetary Fund this past weekend in Washington was the dog that didn't bark: There were no significant anticapitalist demonstrations or riots, such as those that were once a regular accompaniment of these meetings.
If further proof is necessary that these financial policy makers matter less than ever, it was provided by journalists on the leading financial news channel, CNBC. They could not conceal cynical smirks—and in some cases outright chuckles—when reporting that the Group of 20 had released a communiqué pledging "a strong and coordinated international response to address the renewed challenges facing the global economy."
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