In the even longer run, if there were political willingness to do so, these securities could constitute an embryo of global currency. Of course, this longer-term vision is highly hypothetical and support for the nearer term steps need not imply commitment to the longer-term ones snip
While these would need to be created from scratch, experience with the ECU suggests the process may be relatively fast,and need not involve significant public support beyond the initial phase
These people make up the Occupier generation. They aspire to join the virtueocracy – the class of people who expect to find self-fulfillment (and a comfortable living) in non-profit or government work, by saving the planet, rescuing the poor and regulating the rest of us. They are what the social critic Christopher Lasch called the “new class” of "therapeutic cops in the new bureaucracy."
The trouble is, this social model no longer works. As blogger Kenneth Anderson writes, “The machine by which universities train young people to become minor regulators and then delivered them into white-collar positions on the basis of credentials in history, political science, literature, ethnic and women’s studies – with or without the benefit of law school – has broken down. The supply is uninterrupted, but the demand has dried up.”
It’s not the greedy Wall Street bankers who destroyed these people’s hopes. It’s the virtueocracy itself. It’s the people who constructed a benefit-heavy entitlement system whose costs can no longer be sustained. It’s the politicians and union leaders who made reckless pension promises that are now bankrupting cities and states. It’s the socially progressive policy-makers in the U.S. who declared that everyone, even those with no visible means of support, should be able to own a home with no money down, courtesy of their government. In Canada, it’s the social progressives who assure us we can keep on consuming all the health care we want, even as the costs squeeze out other public goods.
The Occupiers are right when they say our system of wealth redistribution is broken. But they’re wrong about what broke it
http://www.theglobeandmail.com/news/opinions/margaret-wente/occupiers-are-blaming-the-wrong-people/article2226104/
http://www.express.co.uk/ourcomments/view/283354/Neil-Hamilton
EU’s Van Rompuy strikes new blow against democracy, telling Italy it doesn’t “need” elections
The EU’s hostility to democracy is now so brazen it thinks it has the right to tell European countries when they can and can’t vote for their governments
http://www.thecommentator.com/article/629/eu_s_van_rompuy_strikes_new_blow_against_democracy_telling_italy_it_doesn_t_need_elections
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