To suggest that Europeans possess anything like the hegemonic power of America in 1944 is delusion.
As Gideon Rachman writes in the Financial Times, Bretton Woods II holds promise of being a flop. Even in America's financial crisis, no one can dictate to the United States. Nor will rising nations like China, jealous of their sovereignty, accept proctorship from an effete and aging Europe.
Brown wants the IMF to become the "global central bank," the Fed of the world economy. No way, Brownie. Americans are not going to fund such a bank, nor cede it authority, nor abide by its dictates. We are not yet a Third World nation dependent on the IMF.
Globalists see in this worst of world financial crises since the 1930s what New Dealers saw in the Depression: an opportunity to geometrically augment government power and impose their visions upon mankind.
Barack Obama's chief of staff appears to entertain such thoughts. Said Rahm Emanuel Sunday, "The crisis we have today is an opportunity to finally deal with what Washington, for years, has kicked down the road.''
Brown and Sarkozy may believe a new era of multilateralism is upon us, in which they will play great roles, as the bad old Bush era of American unilateralism ends. But should Obama begin to cede U.S. sovereignty, he will find himself in the same firestorm that engulfed George Bush and John McCain when they sought amnesty for 12 million to 20 million illegal aliens.
The Europeans are dreaming. It is nationalism, not globalism or multilateralism, that is resurgent worldwide. Recall: China, India and the United States rejected the Kyoto Protocols on global warming. And even if Obama agrees to global climate change demands, Beijing will not.
And while China, India and Brazil may make even more demands, the United States is making no more concessions to conclude the Doha round of world trade negotiations. Doha is dead. Big Labor, which backed Obama, wants no more trade deals at the expense of U.S. workers.
Russia, too, is ready to use its veto in the Security Council to protect its perceived great power interests.
American unipolarity, which all professed to abhor, is indeed at an end.
Let us see how the world likes the new multipolarity, with two, three, many centers of power -- economic, political and military.
This looks less like 1944 than 1904, with the Brits in decline and half a dozen other great powers rising.