Across Europe, politicians are enduring the wrath of people who are being made to pay the price for the dereliction of duty by the elites. The only justification for their exercising power is their superior ability to manage the affairs of state. That doctrine has been exposed as vacuous. The test for their capacity to change will come in the UK in 2015.
Sir Mervyn King, Governor of the Bank of England, wants us to stop demonising bankers. But what would be the consequences if people could not vent their frustrations on a few scapegoats? Bankers have served as one of the social system’s safety valves. Communities have been wrecked and lives destroyed by the Depression of 2010, but those responsible have escaped censure because people were allowed to bash the bankers.
It happened in Europe in the 16th century. It happened in Russia in the 1990s. And now it is happening in China before our very eyes – the predatory rent-seeking culture being incubated to divide a nation between rich and poor. But the game is not yet up for China. Can the Politburo pull off an historic victory to launch their nation in a post-capitalist direction?
The peoples of many developing nations can legitimately attribute their woes to crimes committed by their former colonial masters. But their political leaders are not entitled to complain – they have had sufficient time to correct the injustices. President Zuma of South Africa, in particular, has no right to play the colonial card.
A London borough says it is planning to decant 3,000 people to towns as far as Bradford in the north of England where rents are cheaper than London house prices. Some are calling this economic cleansing – removing families with no jobs who live on welfare benefits. But why the astonishment that this should be happening in Britain in the 21st century? Economic cleansing is a social process as old as the enclosures of the commons that began 500 years ago.
What comes to mind when you picture Europe’s politicians and policy wonks? I think of the gadarene swine who commit suicide by jumping into the sea. Or the lemmings who rush to the cliff’s edge… But why do they insist on dragging the rest of us down with them? Through their influence on the global economy, many more people will share the tragedy that faces Europe.
In a crisis, when decision-makers don’t know what they are doing, time-wasting becomes an art form. In Europe, austerity has more to do with politics than economics. The same applies with the debt in the US: political gridlock is about disguising the fact that the politicians are frightened and don’t know what to do about the bankruptcy of their nation.
The world was turned upside down in the 20th century because people believed Marx. The masses would rise up, overthrow capitalism and build the socialist state. Then, the communists scrambled back to capitalism. And now, we see the early signs of capitalism retreating back to feudalism.
Critics urge that the euro should be scrapped. Or, at least, the euro-zone should be broken up – either excluding the strongest member (Germany) or the weakest member (Greece). All options, unfortunately, are framed from within an economic paradigm which, one way or another, will lead to further disasters in Europe. The latest plan is by Klaus Schwab, Executive Chairman of the World Economic Forum. The blind spot in his proposal enables us to identify the one issue that demands attention.
The people in power are beginning to panic. They conceal their eroding self-confidence by pretending that recovery of the economy is around the corner. But they continue to deceive with words that conceal their culpability, shifting guilt on to the people who played no part in the crushing of communities that is now proceeding apace around the world.