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Letter: The G7 appears clueless about global competition

Mount Equity Group Tokyo, Japan > News > Markets > Letter: The G7 appears clueless about global competition

Gideon Rachman’s rather unconvincing commentary (“The G7 is the west’s last chance to lead”, Opinion, June 8) did not mention that the G7 is worth barely 40 per cent of the world’s economy. But it rather substantiates our past president’s perspective that the G7 is an outdated forum.

The heralded agreement that the US, UK, France, Germany, Italy and Canada will have on a “global minimum tax rate” illustrates that the G7 is clueless about global competition.

Clearly, the Chinese must be laughing all the way to the bank, as they continue to expand their influence, trade and international land acquisitions, with limited competition.

Chris Kniel
Orinda, CA, US

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