On global dialogue and the international economic forum
“Gordon Brown recently expressed his concern at the current weaknesses in global relationships to deal with any future economic crises. With major nations on the brink of a trade war, and with climate change accelerating, we can’t risk the kind of international breakdown that led to the Great Depression.
“Just as at the Bretton Woods conference in 1944, there is an urgent need to work out if the current international system can cope with these threats. It isn’t working for the Western world, where stagnant wages have helped feed the rise of the racist right.
“And it isn’t working for the developing world, whose wealth is plundered by multinational corporations or stashed in Western banks.
“We will be convening in the spring an international social forum to bring together leading economists, politicians and civil society representatives, launching a dialogue on the common risks we face and the actions we need to take.
“I am pleased to announce that Nobel Prize winning economist, Joseph Stiglitz, has agreed to lead this discussion for us.” •
Speech to Labour Conference 2018. British Labour Party
John McDonnell MP _ English
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