DAILY DIALECTIC
November 13, 2008
This is not only a crisis that wears the "made in America" label, it is a result of the deregulatory philosophy and economic policies that (Bush) has pursued for eight years. But the absence of leadership from the US gives others an opportunity to step in to fill the gap. France and the UK have recognised this as a new "Bretton Woods moment." This is their chance to push not only for the new regulations needed to restore confidence now and prevent this kind of global financial crisis from happening again, but also for a new global financial order....