Moscow News - Comment - The great paradigm shift: "The G20 meeting was a micromanaged success. Participants wisely signed up to a number of initial compromises to deal with the global financial crisis. Much more needs to be done, but there is at growing awareness that the financial order called the 'Washington consensus' has run its course.
The liberal Anglo-Saxon economic philosophy that has ruled the world for over 60 years is slowly, but very surely being put to rest. In London, the Americans and the British fought to keep government and international regulation of financial markets off the agenda. They failed. The writing is on the wall - unfettered Western-style capitalism is on the wane. The real winners in London were China, what is called 'Old Europe,' and actually most of the world."