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By AWN STAFF
Former UK Prime Minister Gordon Brown sees a world federation rising out of the COVID-19 scare and, accordingly, he has called on national leaders to form a “temporary” world government in order to confront what the press is calling an extraordinarily serious health crisis.
To coordinate the response Brown stated that “a global task force of leaders, health experts and leaders of international organizations with executive powers was needed,” according to several overseas news outlets that seem clueless to the ultimate implications of this development, especially the economic ramifications.
Brown, who served as PM from 2007 to 2010, believes the UN Security Council should be included in the world government that he envisions. “This is not something that can be dealt with in one country. There has to be a coordinated global response,” he said. “This is first and foremost a medical emergency and there has to be joint action to deal with that. But the more you intervene to deal with the medical emergency, the more you put economies at risk.”
So, Brown wants to involve the International Monetary Fund and the World Bank in a broad effort that would pursue a vaccine and organize its production while supposedly avoiding profiteering. Brown suggested that both entities increase their financial power in order to confront the impact of the COVID-19 crisis in low- and middle-income countries.
Notably, during the 2008 financial crisis, Brown, ever the charitable fellow, hosted a meeting of the G20 in London, which drummed up a $1.1 trillion rescue package—after he persuaded other global leaders that there was a solemn “need” to bail out the banks. The most recent G-20 in Saudi Arabia included a COVID-19 discussion.
“Brown said there had been resistance in 2008 to using the G20 as a vehicle for tackling the financial crisis, but that it [now] should be clear to world leaders that there was no possibility of a go-it-alone approach working,” the internationalist-oriented UK Guardian noted, adding: “Despite Donald Trump’s ‘America first’ policy, [Brown] said it was still possible to get support for an emergency body with executive powers.”
Several countries—including the U.S. and its $2.2 trillion stimulus package signed into law March 27—have announced emergency economic packages. Meanwhile, Brown said his proposed task force could do the following:
Coordinate the efforts of central banks;
Prevent the anticipated record flight of capital from emerging market economies; and
Agree to a joint approach for utilizing government spending to boost growth.
However, that suggests the planned formation of a fiscal union of nations whereby foreigners, rather than the duly elected and appointed officials within individual nations, would help decide how each nation’s tax dollars are spent. That could set several precedents to potentially weaken the sovereignty of individual nation states whose economic decision-making might be “farmed out” to unaccountable organizations. Yet, the ultimate wisdom and effectiveness of Brown’s brainstorm remain to be seen, depending on whether the idea gets traction or not.