Socialists Run Amok

There were some interesting statements coming out of the "Boss of Bosses" meeting at the White House yesterday. It seems that the banking crisis is about to join forces with the climate change crisis. World Bank President Zoellick had this to say:

"Expanded help for energy-deficit countries to improve energy efficiency and improve domestic production to reduce their vulnerability to future price shocks.
Playing a stronger role in helping countries deal with the causes and effects of climate change, and the recent launch of the new Climate Investment Funds to which 10 countries recently contributed over $6 billion."

Let me guess, the US put up $5.9 billion and the other 9 countries chipped in the other $0.1. But, it gets worse. As we nationalize the banks worldwide, we're also going to nationalize energy production.

"The events of September and October have underscored that we need to modernize multilateralism and markets for a new global economy. Our publics expect no less.
The architects of Bretton Woods laid the foundations for the future, even as they still fought the armies of the past. We need concerted global action now not just to deal with this crisis, but to put in place new architecture, new norms, and new oversight...We must build a better system for the future."

Where do I sign up for the "armies of the past"? And, what did the Treasury Secretary for the Beacon of Freedom have to say about it?

"The next year will be a critical one for the Bank on issues of environment and climate change as we move toward a climate agreement in Copenhagen . The United States supports the Bank's increasing focus on climate change as it is clear that the issue must be addressed in the context of development financing."

Rather than have the crowd who's mismanagement caused this mess give us a "better system for the future", shouldn't we be finding new people to recreate the old system? You know, the system that used to work. The only system that has ever led to prosperity anywhere at any time. It seems to me, the last thing we need now is these clowns building us "new architecture, new norms, and new oversight".