DAILY DIALECTIC
January 03, 2009
"A new concept is emerging for addressing the crisis at the national and international levels. The steps now being contemplated seem better suited to the needs of a global world than the previous approach, based on the hope that the market will eventually take care of itself... If current ideas for reforming the world's financial and economic institutions are consistently implemented, that would suggest we are finally beginning to understand the importance of global governance. Such governance would render the economy more rational and more humane..."