A ‘Truly New World Order’ Emerges; Global Currency Closer: Le Monde of France
Here’s something for those who fear the emergence of a one world government to chew on: According to this editorial from Le Monde, the G20 has ‘strengthened’ a little known institution called the ‘Financial Stability Forum’ which will oversee new rules for the planet’s markets.
“Ironically, it was in Washington and in London that the parenthesis of ultra-liberalism, opened twenty years ago by Ronald Reagan and Margaret Thatcher, are being closed. Capitalism requires a strong state which is financially and legally capable of imposing its rules. And as the past has proven that every-man-for-himself was not the solution, these rules must at least in part be common ones.”
“Hence the discrete reinforcement of the Financial Stability Forum, which has been called upon to play the role of global control tower for the financial markets. But whoever dictates global rules dictates global governance (hence the G20) and eventually, a global currency, as illustrated by the debate over the late King Dollar.”
Translated By Mary Kenney
April 3, 2009
France – Le Monde – Original Article (French)
Even if the birth proves painful, in London, it is well and truly a new world that has emerged before our eyes. A less Anglo-Saxon and less liberal world. Twenty years after the fall of the Berlin Wall, ten years after the failure of the Seattle conference on trade liberalization, a new balance seems to be emerging, with as much emphasis put on the political as on the economic – which are linked in a way they seldom are.
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