Never letting a good crisis go to waste, the sovereignty-hating globalists continue to argue that national governments should have less say in implementing domestic financial regulation and fiscal policy.
According to International Monetary Fund managing director Dominique Strauss-Kahn, “National oriented responses are not the way, since they risk creating economic conflicts.” The IMF publication goes on:
- Addressing the need to support the recovery and create sustainable growth in the long run, Strauss-Kahn said there is a “need for fiscal consolidation globally, but there is no future in fiscal consolidation without growth.”
And who exactly would be the arbiter of this consolidated power? Why, the IMF, of course! Here’s a sample of the chief’s bizarre reasoning as to why this is a such grand idea:
- Strauss-Kahn said the strength of the IMF lies in “truth telling,” and the IMF’s role in the surveillance of the global economy includes overseeing the implementation of rules that govern financial regulation.
Welcome to an orwellian brave new world, where highly-unaccountable central bankers and unelected bureaucrats not only know what’s best for your community and country, but are trust-worthy and can foresee economic trouble before it happens. It should go without saying that centralized planning has not worked out well in the United States, or any other country for that matter. Why take a bad, elitist idea and globalize it?