BraneMatter
20th October 2008, 03:46
WASHINGTON - When President Bush hosts a world financial summit in the coming weeks, one of the least multilateral American presidents in decades will set in motion what could result in a full reordering of the global financial system.
The series of summits that Mr. Bush announced over the weekend at Camp David with European leaders at his side suggests a broad understanding among them: that the current crisis requires the kind of global regulatory reforms that have eluded major powers in the past.
Europeans especially are speaking of a "Bretton Woods II (http://www.csmonitor.com/2008/1016/p01s02-wogn.html)" that could do for financial markets what the 1944 summit at a resort in New Hampshire did for monetary policy. - MORE (http://www.csmonitor.com/2008/1020/p01s01-usec.html)
Rather than move the global financial system towards socialism, it is far more likely that capitalism will only tighten its grip on the global economy as a result of these summit meetings. Bretton Woods was the early attempt (1944) by capitalists to shape a global monetary policy (World Bank, IMF) and "new world order."
The Europeans will no doubt push for the European model of "rules with some concern for social inclusion" (in other words, reformism), and the U.S. will fight to keep its pre-emminent position and control and to preserve the Bush-backed neo-liberal model (American empire, PNAC, etc.).
This "new world order" is nothing more than the ongoing attempt by capitalist elites to make sure the new global economy serves the best interests of, and preserves, the global capitalist class. It's not about some secret occult conspiracy, it's just class warfare and the old dream of world empire - wealth and power.
These elites are the ones who, according to Henry Kissinger, control "how the world really works." They are the actors on history's stage, and the rest of us are just observers and "useless eaters," whose only excuse for even existing is to serve the masters. We should be grateful they even keep us around at all.
That's my take on it anyways...
The series of summits that Mr. Bush announced over the weekend at Camp David with European leaders at his side suggests a broad understanding among them: that the current crisis requires the kind of global regulatory reforms that have eluded major powers in the past.
Europeans especially are speaking of a "Bretton Woods II (http://www.csmonitor.com/2008/1016/p01s02-wogn.html)" that could do for financial markets what the 1944 summit at a resort in New Hampshire did for monetary policy. - MORE (http://www.csmonitor.com/2008/1020/p01s01-usec.html)
Rather than move the global financial system towards socialism, it is far more likely that capitalism will only tighten its grip on the global economy as a result of these summit meetings. Bretton Woods was the early attempt (1944) by capitalists to shape a global monetary policy (World Bank, IMF) and "new world order."
The Europeans will no doubt push for the European model of "rules with some concern for social inclusion" (in other words, reformism), and the U.S. will fight to keep its pre-emminent position and control and to preserve the Bush-backed neo-liberal model (American empire, PNAC, etc.).
This "new world order" is nothing more than the ongoing attempt by capitalist elites to make sure the new global economy serves the best interests of, and preserves, the global capitalist class. It's not about some secret occult conspiracy, it's just class warfare and the old dream of world empire - wealth and power.
These elites are the ones who, according to Henry Kissinger, control "how the world really works." They are the actors on history's stage, and the rest of us are just observers and "useless eaters," whose only excuse for even existing is to serve the masters. We should be grateful they even keep us around at all.
That's my take on it anyways...