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In his annual speech at the Lord Mayor’s Banquet, [PM Gordon] Brown — who has spearheaded calls for the reform of international financial institutions — will say Britain, the United States and Europe are key to forging a new world order.
“The alliance between Britain and the U.S. — and more broadly between Europe and the U.S. — can and must provide leadership, not in order to make the rules ourselves, but to lead the global effort to build a stronger and more just international order,” an excerpt from the speech says.
Brown and other leaders meet in Washington next weekend to discuss longer term solutions for dealing with economic issues following a series of coordinated moves on interest rates and to recapitalize banks in the wake of the financial crisis.
“Uniquely in this global age, it is now in our power to come together so that 2008 is remembered not just for the failure of a financial crash that engulfed the world but for the resilience and optimism with which we faced the storm, endured it and prevailed,” Brown will say in his speech on Monday evening.
“…And if we learn from our experience of turning unity of purpose into unity of action, we can together seize this moment of change in our world to create a truly global society.”
According to a summary of the speech released by his office, Brown will set out five great challenges the world faces.
These are: terrorism and extremism and the need to reassert faith in democracy; the global economy; climate change; conflict and mechanisms for rebuilding states after conflict; and meeting goals on tackling poverty and disease.
Brown will also identify five stages for tackling the economy, starting with recapitalizing banks so they can resume lending to families and businesses, and better international co-ordination of fiscal and monetary policy.
He also wants immediate action to stop the spread of the financial crisis to middle-income countries, with a new facility for the International Monetary Fund, and agreement on a global trade deal, as well as reform of the global financial system.
“My message is that we must be: internationalist not protectionist; interventionist not neutral; progressive not reactive; and forward looking not frozen by events. We can seize the moment and in doing so build a truly global society.”
I have to wonder what with the left’s near cult-like devotion to “international opinion” whether our next president will show an eagerness to join Brown in promoting his vision of a “global society” or whether the President-Elect will have advisors who recognize the dangers in such and advise Obama accordingly to resist those efforts.
Frankly, I’m not optimistic that the latter will happen. I hope I’m wrong.
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Brown will be out soon, thankfully. His approval ratings in the UK are worse than Bush’s here.
And in light of this:
Some of the biggest reactionaries I’ve met have been so-called “progressives.”
Although I’m sure President-elect Obama would love to align us with the EU.
Uh huh. And exactly where is the money for that “recapitalization” supposed to come from? The Magic Money Tree on Gordon Brown’s Fantasy Island? Maybe if we pet the HopeyChangey Unicorn the right way, $1000 bills will just fall from the sky (once we eliminate all the carbon emissions from it, of course)?
How about this, Gordo: start with (1) repealing laws and regulations that force banks to make loans to people who are in no financial position to repay them, (2) forcing legislative bodies to expel any member who catalyzed this crisis by taking more than a token amount from SGAs, and (3) let the free market economy resolve the problems on its own?
Yeah, I know, now I’m the one on Fantasy Island.
Oh, and completely off topic, here’s a salute from this AF type to our buddy Forest Hunter and all Leathernecks on this day, the official birthday of the USMC.
Just goes to show how little Gordon Brown understands about Britain’s position in the EU, which is acquiring ever more powers. Elections here are unlikely to happen till 2010. A lot of water will flow before that but, yes, Labour will probably lose. Not that it makes much difference. Cameron’s Tories are also socialist believers in transnational organizations. Hard to know who to vote against.
GWR: When I hear the term *recapitalizing banks*……why does the term recapture come to mind?
Noun:
1. recapture – a legal seizure by the government of profits beyond a fixed amount
seizure – the taking possession of something by legal process
2. recapture – the act of taking something back
retaking
recovery, retrieval – the act of regaining or saving something lost (or in danger of becoming lost)
Verb
3. recapture – take back by force, as after a battle; “The military forces managed to recapture the fort”
retake
take – take by force; “Hitler took the Baltic Republics”; “The army took the fort on the hill”
reconquer – conquer anew; “The country reconquered the territory lost in the previous war”
OH…….. and before I forget….thanks Flyboy! Semper Fi
Helen, is UKIP at all a serious party?
Hi Anthony,
I am impressed that you have heard of UKIP. They are not a threat to anyone in domestic elections. Our system gives little lee-way to small parties though, just recently, we have again had a few independent MPs. What happened last time was that 28 seats were lost by the Conservatives by fewer votes than the number that went to UKIP. This is all in the realms of supposition but probably without UKIP they would have won those seats. Sadly, they were too stupid to understand what had happened.
UKIP’s main role will be in the European elections, which are next June, for what I call the Toy Parliament. They could win enough seats to upset the Tories.
Hi Helen,
I like to follow UK politics as a hobby, and UKIP’s been interesting to me as seemingly the only party resisting the rush to assimilation in the EU.
What they’re trying to do is to destroy the unique opportunity that is America, and create the global socialism that Karl Marx envisioned. Some people really do think that John Lennon’s “Imagine” was an idealistic song.
Obama once said he was a citizen of the world. Not a good sign.
Forest, if they’re going to “recapitalize”, they have two real options.
They could keep the printing presses at the Treasury (and the British equivalent) running 24/7/365, churning out more cash. That would start one hellacious round of inflation. If you think your 401(k) isn’t worth much now, just wait.
Or, they could come after the taxpayers, in which case good old Uncle Sucker (meaning you and I) will be bearing the burden of paying for the left’s feel-good easy money lending spree of the last 10-15 years. Prepare to have more of your wealth redistributed than you expected.