World looks to clunking fist to tame invisible hand

With Gordon Brown's political fortunes fluctuating with the same speed as the markets the Prime Minister may have just had his 'finest hour' following the
US and the European Union deciding to follow his lead in investing in domestic
banks to ease the global liquidity crisis.Praise has even been forthcoming from
the new Noble Prize recipient for economics.Rightfully emboldened Brown conveniently
bypassed PMQs to attend the European Summit to suggest even bolder moves to come up
with a new Bretton Woods for the 21st century.Indeed such global economic agreements
need updating and now may just be the perfect time to implement such changes.This is Gordon Brown at his best a man who understands the economics and has the international clout to implement policy.It is sad that this Brown never emerged as he had so promised in the realm of third world poverty alleviation.One could argue that when thirty thousand children dying every day in third world countries from preventable diseases is not seen as a signal to correct the status quo capitalist system and its self serving instutions such as the IMF and the World Bank-then other massive indicators albeit less moral were bound to be ignored.Cruel irony now that the Fed is now forced into nationalization schemes which are the exact opposite
of what they have been forcing on the most deprived countries.
However in this fast changing world finest hour literally could mean a few days.
Gordon Brown's real test will be to see if he can use this momentum to spearhead changes to the world economic institutions in a way which is more democratic and which addresses the needs of the third world.Furthermore he has the added task of mollifying the oncoming recession in the UK in such a way as to buy him electoral success.