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Here come the land grabs

Two veritable relics of the 1940s (1) have just spotted that something big has happened over the last few weeks:

The UN -

"Meanwhile, the ad hoc manner in which Governments have had to respond to the management of this crisis is reflective of serious lacunae in the current world financial system. To ensure continued stability and protect the economic gains of both developed and developing countries, we need to consider deep and systemic reforms based on an inclusive multilateralism for a global financial system that can better meet the challenges of the twenty-first century".

And the Commonwealth -

"Mr Sharma further stressed the overarching need for a response that is truly global. “Some people are already comparing the situation facing the world now with that of 1929. We must learn the lessons of that time and recommit ourselves to work collectively to tackle this crisis for the benefit of world, constraining its worst effects. Decisive multilateralism is more important than ever...bring about the reform of international financial institutions. These, he said, must shape global responses to crisis, and be representative of the entire global community, promising equal voice and equal benefit for all their members".

Can't see it happening, frankly, and a world order that affords micro states in the Caribbean and the Pacific the same clout as the US and China is a recipe for disaster.

The EU, a relic from the 50s, has been merrily land grabbing - on this one - for days.

(1) I'm dating the Commonwealth to the London Declaration, that is post Indian independence.

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