KeithHennessey.com » What happened to FREE markets in London?

The G-20 takes the "free" out of "free market".  Freedom is out, statism is in.

http://keithhennessey.com/2009/04/03/what-happened-to-free-markets-in-london/

Parsing this new language:

1. "… a commitment to free market principles …" has been replaced by "… based on market principles …".  Note that the word "free" is nowhere in the document.
2. "… rule of law …" is nowhere in the document
3. "… private property …" is nowhere in the document
4. "… open trade and investment …" has been replaced by "… open world economy …"  (This one is fine, I think.)
5. "… competitive markets …" and the word "competitive" are nowhere in the document
6. "… efficient, effectively regulated financial systems" has been replaced by "effective regulation, and strong global institutions."
7. The over-regulation caution is gone.