Deal or No Deal?

In Sunday's Times Online, the British Prime Minister, Gordon Brown, makes the argument that the way out of the current financial crisis is with a global new deal. Brown argues that the U.S. and Britain should parlay their common interests and shared histories to help spread the notion of globalization around the world. Central to many of the Prime Minister's ideas, is the belief that governments must initiate the necessary changes in order for there to be an economic recovery.

It is this reliance on government over the private sector in Brown's proposition that makes his reasoning so flawed. It is capitalism not government control has done more to end poverty and advance freedom around the globe. Brown claims to understand, "the American spirit of enterprise and national purpose" but he doesn't have a clue. His assertions should be firmly rejected by the Obama administration. Simply put; no deal!