Next G8 Summit "a summit of the lame"

Considering the amount of money spent on these summits and the failure to deliver results, are these summits really effective or useful anymore? Have they ever been effective? I am all for world leaders working together, but these summits seem to me to be a waste of time and money. Why bother when they spend all of their time agreeing on silly statements that do not really mean anything. Schroeder can talk about change needing to come from the region (Middle East) itself, but when all of us, I mean really mean all of us, continue to do business with these regimes, is that really possible? When Chirac talks about US economic policy and its negative effect on world markets, has he forgotten about his own economic record? And Bush, well, who is listening to him anymore?