Czech President Slams UN Over Global Economic Power Grab

Czech President Vaclav Klaus, one of the few world leaders who understands the outcome of government interference in free market, boldly blasted the United Nations for their call for even more one world governance of the global economy.

Klaus called for the organization to stay out of economics and national governments should be the ones to tackle the problems.

The Czech president said, the solution won't come from "creating new governmental and supranational agencies, or in aiming at global governance of the world economy."

"On the contrary, this is the time for international organizations, including the United Nations, to reduce their expenditures, make their administrations thinner, and leave the solutions to the governments of member states," said Klaus.

This doesn't mean Klaus was calling for federal government interference in markets, he was simply saying it begins at a national level, not an extra-national level.

For example, he helped his country move toward the privatization of businesses after the failure of communism and socialism in Czechoslovakia, which he's battling against almost alone as a world leader, seeing it attempt to raise its ugly head again.

He also castigates the idea that it was the failure of the markets which led to the economic crisis.

"The anti-crisis measures that have been proposed and already partly implemented follow from the assumption that the crisis was a failure of markets and that the right way out is more regulation of markets," he said.

He rightly concludes those actions will only "destroy the markets and together with them the chances for economic growth and prosperity in both developed and developing countries."

This is all a grab by third world countries to steal from productive countries instead of pursuing free markets and entrepreneurship, instead of maintaining their cultures of entitlement.

Klaus got riled up in response to Swiss president of the General Assembly, Joseph Deiss, saying the United Nations should "comprehensively fulfill its global governance role."

I hate to say it Deiss, but the United Nations have no global governance role, and Klaus is right.