Batchelor & Constable: Will G20 Stop Protectionism? In a word, No. Much worse. The G20 will break up in finger-pointing, chest-thumping confusion. This is the G17 vs the G2 vs the G1, that is China, India, Germany, Brazil, Argentina, Mexico, Canada, the Netherlands, Spain, Saudi Arabia, Indonesia, Japan, Italy, Russia, Australia, South Korea, South Africa, European Union vs America and Britain vs. France. The most significant voices so far are Germany and France, because for their own domestic reasons they will not go along with Gordon Brown. We are looking at a recreation of the June 1933 failure of the London Economic Conference. It fell apart over gold, currency manipulation and protectionism. The G20 looks to fail over banking regulation and protectionism.


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