Financial systems must reflect the values of "fairness"
Soferet B. Yehuda
KNN-British Isles, London
While maintaining that he was pro-business, the Prime Minister said certain "key ethics" were essential for a stronger economy. Mr Brown said financial systems must reflect the values of "fairness, stewardship and co-operation" cherished by families and communities.
"I admire the market's ability to release the dynamism and enterprise of people and so this new Labour Government is pro-business and pro-markets and always will be," he said."But I also know that we do not live by markets alone. I have long understood that markets rely on values that they cannot generate themselves.
"Values as important as treating people fairly, acting responsibly, co-operating for the benefit of all."Mr Brown said developments around the world were raising "quite fundamental questions" about the relationship between the government and the markets.
"The first financial crisis of the global age has now laid bare the weaknesses of unbridled free markets," he added. The Prime Minister's remarks came as hostilities broke out between the Government and the Conservatives over the financial crisis.
David Cameron sought on Friday to lay the blame for the looming economic recession at the door of Mr Brown. The Tory leader effectively ended what remained of the tentative political truce on the issue, arguing that the current financial crisis had exposed Mr Brown's policies as "a complete and utter failure".