Global Regulator

[Chris Burford]

The BBC reports that today in Frankfurt Gordon Brown will be emphasising
the continued instability in the world's financial markets as shown by
Brazil, and calling for action within 3 months.

One of his proposals is for a global regulator.

Clearly he will not put forward anything that would be hostile to
capitalism as a whole, and it might be beneficial in terms of lowering
foreign exchange costs, but a) will it work, b) will it happen and c) in
what ways might it be beneficial for the proletariat of the world?

Chris Burford

London.