But would they listen?

Martin Wolf suggests “What Obama should tell the leaders of the Group of 20”, February 25 and it all sounds so extremely intelligent and rational. Problem is though that the chances of obtaining a rational responses to rational requests are very slim in a world where there has been so little capacity to respond to any threat of something that could occur more than a week ahead, and in a world where so many promises, like that of .7% of GNP to foreign assistance are continuously and shamelessly broken by most.

In this respect if I was Obama, which I am of course not, lucky you, I would start by asking... how can we make sure that the upcoming summit will not be a waste of time since we clearly have no time to waste?

As a bare minimum, before flying over the pond, I would request the Europeans to deposit at least half of their voting rights in the International Monetary Fund, in the same escrow account where I on behalf of the US would also be depositing its own half of the voting rights, also before flying over the pond, and so as to be able to proceed down the road of international cooperation in a much more credible and expedient way. Wasting even a second of the summit on the voting right issue should just not be an option.

Also if I was Obama, and Martin Wolf, I would stop from dividing the world between surplus and deficit countries since that division helps very little when trying to foment a spirit of international cooperation when clearly all the countries are hurting.