by Charles Lemos, Thu Jan 01, 2009 at 07:55:25 AM EST
In his annual New Year's Message, British Prime Minister Gordon Brown delivered a fiery though tempered speech. Cognizant that dark days do indeed lie ahead, the Prime Minister was also quick to assign the blame. Brown noted the "the failure of previous governments in previous global downturns was to succumb to political expediency and to cut back investment across the board, thereby stunting our ability to grow and strangling hope during the upturn." The Prime Minister added that 2008 would be remembered as the year in which "the old era of unbridled free market dogma was finally ushered out". Let's hope so but let's also realize that the conservative ideology of unfettered free markets, limited government and low taxes is far from defeated on both sides of the Atlantic. The fight goes on.
From the UK Guardian:
Gordon Brown today braces Britain for potentially its worst recession since the second world war by promising to work with Barack Obama to create a new progressive era across the world. He claims he can build "a global coalition for change" with the US president-elect.
The prime minister said 2008 would be remembered as the year in which "the old era of unbridled free market dogma was finally ushered out". In his traditional new year message, Brown struck a tone of tempered optimism, saying that Britain can this year build a better tomorrow through strategic investments while dealing with the dangerous challenges of today.
Hoping for a "new progressive era across the world," Mr Brown sees "purposeful and energetic governments giving real help to families and businesses when they need it the most; and through expanding through the downturn vital investments in our future."