"They produced large achievements.

"They pledged the first-ever global regulation of hedge funds and private-equity firms, big players in global finance that have enjoyed operating under the regulatory radar. They agreed to a require banks to set aside more capital in good times to help them function in bad times. They vowed to crack down on tax haven nations that allow the wealthy to escape taxation. And they pledged $1.1 trillion to the International Monetary Fund and related institutions to help revive the global economy.

"In short, the summit marks the end of an era of unbridled global capitalism and a turn toward stronger government oversight of economics, coordinated globally. Leaders of the Group of 20 effectively closed the door on an era of history and opened the door to a new one.

" 'The world sees itself differently today than it did a year ago in some very profound ways,' said David Rothkopf, a visiting scholar at the Carnegie Endowment for International Peace and former adviser to President Clinton on international trade. 'The reality is that hyper-capitalism existed — unfettered capitalism, an anti-regulation attitude — because there was the perception of support for it ...You saw it in different forms around the world. That's over. I think there is a sense among these countries that ... they have a shared interest in this. The regulatory coordination is only likely to grow.' "

Whoa!  A "perception" of support for unfettered capitalism.  Get back, Jack. That comment is disengenuous.  

In the US, the last eight years of greedy, laissez faire capitalism in the financial industry, strongly supported and promoted by Bushite deregulatory and weak regulations was not a perception but starik and destructively real.  We aren't hallucinating this economic depression!