Sunday, November 09, 2008

Another Shot In the Arm for the Fruitcakes

Well, Gordon Brown, celebrating the Obama victory, gives the game away:

The international financial crisis has given world leaders a unique opportunity to create a truly global society, Britain's Prime Minister Gordon Brown will say in a keynote foreign policy speech on Monday.

In his annual speech at the Lord Mayor's Banquet, 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.

Ixnay on the ew-nay orld-way order-ay! The sheeple will wake up!

Seriously, this is a dumb idea, and if he actually uses the New World Order phrase the kooks will go absolutely bananas.

Update: Jay in the comments points out that Brown has used at least part of the phrase in the past:

To bring an end to the culture of irresponsibility, “we must now build a new global financial order founded on transparency, not opacity; rewarding success, not excess; responsibility, not impunity; and which is global, not national.”

He proposed five key principles for all nations to abide by: transparency and improved accounting standards; sound banking practices and more effective regulation; increased responsibility to be taken by senior management; integrity; and oversight of global capital flows.

Much of that sounds okay in principle, although the oversight of global capital flows is troubling given that Brown is a proponent of tax "harmonization"; that is, increasing tax rates in countries like the US and Ireland so that capital doesn't flee high tax rates for those shores.