Do you agree that laws governing finance should just be determined by those with the biggest investments? How about laws of war just being determined by those with the biggest armies? Or, market laws just determined by those with the highest revenues and valuations?
The two countries I mentioned that combine for 35% of the world’s population are also the world’s number 1 and number 3 largest economies. This group actually leaves out the top 4 and 6 of the top 10.
It has fundamental legitimacy problems when it comes to setting world trade law.
Do you agree that laws governing finance should just be determined by those with the biggest investments? How about laws of war just being determined by those with the biggest armies? Or, market laws just determined by those with the highest revenues and valuations?
The two countries I mentioned that combine for 35% of the world’s population are also the world’s number 1 and number 3 largest economies. This group actually leaves out the top 4 and 6 of the top 10.
It has fundamental legitimacy problems when it comes to setting world trade law.
Everyone commenting on stuff like this seems to be philosophically disposed to some kind of monolith.
The whole point of a multilateral realignment means that a bunch of rules will be remade, some by this group and some by that group.