In the Financial Times, on 15 January 2014, Martin Wolf writes that failing elites threaten our future.
According to Martin Wolf:
1. The elites got us into the disastrous World War I.
"This calamity launched three decades of savagery and stupidity, destroying most of what was good in the European civilisation of the beginning of the 20th century."
2. The elites in 1914 were ignorant and prejudiced because they wrongly believed that empires are good and that war is glorious.
3. As a result of World War I, we had dictatorships in Russia and Germany, the Great Depression, World War II and eventually the Cold War.
www.stewwebb.com.
4. The elites brought about the disastrous financial liberalisation.
The elites have "mostly misunderstood the consequences of headlong financial liberalisation."
The result has been "economies collapsed; unemployment jumped; and public debt exploded."
5. The elites have brought about the disastrous situation whereby the leaders of the large corporations now owe loyalty to no particular country's electorate.
"If the mass of the people view their economic elite as richly rewarded for mediocre performance and interested only in themselves, yet expecting rescue when things go badly, the bonds snap."
6. The elites created the disastrous Euro.
The result has been "huge recessions, extraordinarily high unemployment, mass emigration and heavy debt overhangs."
Power is now concentrated in the hands of Germany and "a trio of unelected bureaucracies - the European Commission, the European Central Bank and the International Monetary Fund."
5. The elites have brought about the disastrous situation whereby the leaders of the large corporations now owe loyalty to no particular country's electorate.
"If the mass of the people view their economic elite as richly rewarded for mediocre performance and interested only in themselves, yet expecting rescue when things go badly, the bonds snap."
6. The elites created the disastrous Euro.
The result has been "huge recessions, extraordinarily high unemployment, mass emigration and heavy debt overhangs."
Power is now concentrated in the hands of Germany and "a trio of unelected bureaucracies - the European Commission, the European Central Bank and the International Monetary Fund."
socioecohistory.wordpress.com.
7. "If elites continue to fail, we will go on watching the rise of angry populists.
"The elites need to do better.
"If they do not, rage may overwhelm us all."
(Financial Times, 15 January 2014, Martin Wolf - failing elites threaten our future.)
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7. "If elites continue to fail, we will go on watching the rise of angry populists.
"The elites need to do better.
"If they do not, rage may overwhelm us all."
(Financial Times, 15 January 2014, Martin Wolf - failing elites threaten our future.)
~~~
coyoteprime-runningcauseicantfly.blogspot.com.
The elites claim to be worried by the people's rage.
However, if any revolts do occur, you can be pretty sure that they will have been organised by the elites.
Not all the members of the elite are stupid.
Some people did very well out of World War I.
The elites claim to be worried by the people's rage.
However, if any revolts do occur, you can be pretty sure that they will have been organised by the elites.
Not all the members of the elite are stupid.
Some people did very well out of World War I.
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