Global Economy

Kelvin Hopkins Excerpts

Thursday 11th August 2011 Commons Chamber

[Mr Speaker]

Order. I appeal to colleagues to ask single, short supplementary questions without preamble, so that we can maximise the number of contributors.

[Kelvin Hopkins (Luton North) (Lab)]

The frightening instability of the world economy has arisen since, and as a result of, the abandoning of the post-war arrangements decided at Bretton Woods, and the liberalisation and globalisation of finance capital. Part of that arrangement was that each country had its own currency and managed its own economy within international rules. Would it not be sensible to move back in that direction by establishing national currencies within the eurozone and starting again where we left off?