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A Modest Proposal from Berlin: End Democracy in the European Union

A Modest Proposal from Berlin: End Democracy in the European Union | The P2P Daily | Scoop.it

"The Fiscal Pact mandates that all national governments in the European Union should achieve a “structural deficit” of no more than 0.5 percent of gross domestic product. I shall not again demonstrate that this concept is nonsense and, even were it not, 0.5 percent would be absurd, implying continuously deflationary fiscal policy. If the Pact is foolish, combining it with a “fiscal czar” (Merkel’s term, not mine) is authoritarian madness. It would abandon the pretense of electoral democracy within the European Union."

 

Good critical analysis by John Weeks of recent developments in European governance structure. Pro-Europeans who welcome this as "more Europe" are either terribly naive or have a hidden agenda.


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In Spain, financial crisis feeds expansion of a parallel, euro-free economy

In Spain, financial crisis feeds expansion of a parallel, euro-free economy | The P2P Daily | Scoop.it
At a time when the future of the currency is in doubt and millions are unemployed or underemployed, an alternative, euro-free economy is springing up in Spain and elsewhere.

 

The Washington Post has this interesting article on how people in the Eurocrisis countries are finding ways to defeat the austerity attacks of their governments.


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The Twilight of Investment

"It’s one of the mordant ironies of contemporary history that Europe fought two of the world’s most savage wars in the firt half of the twentieth century to deny Germany a European empire, then spent the second half of the same century allowing Germany to attain peacefully nearly every one of its war aims short of overseas colonies and a victory parade down the Champs Élysées."

 

Brilliant analysis by John Michael Greer of Europe's debt crisis and the global context of failing economic growth. Must-read.

 


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Future money - James Robertson

Future money - James Robertson | The P2P Daily | Scoop.it

"... we have to make the money system work in ways that will motivate everyone to "enable and conserve", so that we and other living species survive. Understanding the need to design our money system to achieve that purpose amounts to a "Copernican revolution"

 

Good interview in Eurozine with one of the grandfather's of alternative economics, James Robertson, on the need for radical currency reform. His book "Future Money" should be mandatory bed-time reading for Mr Draghi.


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The end of the European dream

The end of the European dream | The P2P Daily | Scoop.it

"Nations states will have to do it, therefore, either together in some grand conference, or more probably alone, after the crisis has put some radical into power. When this will happen, the European Union will simply vanish as the USSR did after the August Coup and the Belavezha Accords. Those who still nurture the dream of a political Europe, whether it be the Europe of Regions of my own political family or the Europe as civilization of the volkish far right will have to accept, as I did, that Europe has become an hollow shell and that time has run out. It is around nation states, not necessarily the ones we know by the way, that Europe will have to face the long descent, until they too dissolve."

 

Pessimistic analysis by French blogger Damien Perrotin explaining why the end of growth will also mean the end of the European Union.Worth reading.


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