Revolt

WHAT IS THE G8?

The Group of Eight (G8) is an informal organisation that unites some of the world's biggest capitalist states. It has no judicial status, no charter or constitution, no permanent organs, no headquarters. That puts its decisions outside of any sort of democratic control. It's an important "meeting spot" for the world's most powerful leaders to reach consensus amongst themselves which is later imposed on the entire world. It helps form the international solidarity between elites. And quite naturally that leads to the precedence of private and corporate interests over democratic and collective ones, leading to privatisation, deregulation, increased capital mobility and erosion of the populations' control over local economies. It makes the G8 one of the most powerful instruments of the capitalist globalisation and of neoliberal agenda.