New York ? President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world’s financial chaos, not the cause. He warned foreign leaders ahead of a weekend summit not to crush global growth with restrictive new rules.

“We must recognize that government intervention is not a cure-all,” Bush said from Wall Street, setting his own tone for the two-day meeting that begins Friday in Washington seeking solutions to the economic crisis that has spread around the world.

“Our aim should not be more government,” he told the business executives. “It should be smarter government.”

The president acknowledged that governments share the blame for the severe economic troubles that have hit banks, homes and whole countries.