World Government, in Today's News 09.26.09

World Government. As expected the leaders of the G-20 nations announced Friday that they will now subject their individual economic policies to the review by each other nation.

The newspaper commentaries stress that the new arrangement lacks enforcement mechanisms.

Several comments:

1. Stressing lack of enforcement is just a soft-sell of the plan. The idea is to convince the public that this is all a collaborative academic undertaking that will have no influence on peoples' lives. 

2. Stressing lack of enforcement is simultaneously a building of the groundwork for the really serious enforcement that is to come.

3. Finally, it is all malarky that there is no enforcement. Say you are Argentina and the other countries are critical of your policy. Standing up to that pressure would be very difficult, and moreover, to do so would invite war.

The International Monetary Fund is projected as the organization that does the reviewing of national economic policies. As is well-known the IMF has very effective enforcement mechanisms that surely would be used in this new arrangement.