Wolf wrote: "The London summit of 1933 marked the moment at which cooperative efforts to manage the Great Depression collapsed. The summit of the Group of 20 countries, in the same city, on April 2, must turn out quite differently. That may seem a simple task. It is not. The usual platitudinous communiqué would be a catastrophe."
All indications are that precisely such a result is now to be expected. The divisions between the rival capitalist nation-states, each seeking to safeguard the profits and privileges of its own ruling class, are an insuperable obstacle to the formulation of a coherent policy for dealing with the deepening global depression." Read all here