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Brown is tonight putting on the top hat and tails and giving hisĀ  Mansion House Speech – its being trailed that he is going to propose a New World Order, led of course by Britain, ie him!

Its not for the first time though …

In his 2007 Mansion House speech he said
“… it will be said of this age, the first decades of the 21st century, that out of the greatest restructuring of the global economy, perhaps even greater than the industrial revolution, a new world order was created.”

In this same speech – a year ago he also boasted the city was
“a world leader in stability, and we will entrench that stability, by ensuring Britain’s macroeconomic framework remains a world benchmark,”
That he would be “vigilant against complacency”
and he would be
“enhancing a risk based regulatory approach, as we did in resisting pressure … after Enron and Worldcom”
“in the new world order, as the City bears witness, Britain’s great natural resource are our people”

Brown talks about a global recession as if Britain is not part of the globe, but he has been at the heart of cheer-leading and banging the drum for globalisation
“It is investment in education that when combined with free trade, open markets and flexibility makes for the virtuous circle of an inclusive globalisation:”

Sadly for him and the rest of us his ‘light touch’ regulation led to disaster. He boasted in his ‘Better Regulation’ address …
“We will look to apply on a wider basis the principle of risk based regulation to financial services legislation and the work of the FSA … I welcome the thinking it is doing about how it can further reduce the burden of financial regulation.”

Now Brown has invented a new reality, a new paradigm, where all his previous cock ups never existed and where he still thinks he talks sense.

Reading this useless pompous speech is quite instructive (its similar to all the other useless pompous speeches Brown makes) Brown thinks he is good at painting the big grand picture – in fact he is only painting by numbers.

The real ‘reality’ is quite simple. He thinks we are all as thick as two short planks with the attention span of a goldfish.

November 2008
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