This is a ray of candor which somehow found its way through the fog of official Washington DC.
Matt Taibbi is one of those people I put in the “principled liberal” camp. (And I do consider him a “liberal” in the good sense if not the classical sense.) He and I often disagree on important issues but the guy has a keen eye for injustice and has done an excellent job of pulling back the curtain on the Wall Street wing of the crony class. (And the City of London also.) He offers a very reasonable and reasoned analysis of Brexit below.
Jason Raimondo at LewRockwell.com asks this question. I don’t agree with all of his conclusions in the attached essay, but I’d encourage everyone to read it.
Bob McKee the co-author of Democrisis says that democracies can’t keep debt under control. As such they are destined for crisis. Nonsense. Democracies (and non-democracies) with fiat currencies can’t keep debt under control. It happens over and over and over.
McKee assures us that the alternative to “democracy” isn’t necessarily an authoritarian regime however. There will just be a “narrowing” of democracy (in Europe). That’s encouraging. I wonder who gets to operate within this more narrow political spectrum?
In the attached piece Bill Bonner, a contributor to Forbes.com, discusses the alienation that comes from crony capitalism. He makes the excellent point that “democracy” (for the record not always a good thing but better than most systems) bears little resemblance to what we have today.
In the article below, Peter Orszag’s first Director of the Office of Management and Budget, suggests that we need less democracy today, given the deadlock in Congress, and more reliance on “automatic policies and depoliticized commissions”…