Back then, the G-7 dominated global economic policymaking; today, China is the world’s largest economy (in purchasing-power-parity terms), with savings some 50% larger than that of the US. In 2002, Western financial institutions were thought to be wizards at managing risk and allocating capital; today, we see that they are wizards at market manipulation and other deceptive practices.
自2002年墨西哥蒙特雷第一届国际发展融资会议召开以来，情况发生了很大的变化。当时，G-7主导着全球经济政策制定；如今，中国是世界第一大经济体（用购买力平价衡量），其储蓄规模比美国大50%左右。2002年，西方金融机构被认为是管理风险和配置资本方面的奇才；而如今，我们看到它们其实是市场操纵和其他欺诈行为的奇才。