Wednesday, July 15, 2015

Don Quijones — Tsipras Stunner: Creditors Said “There Is No Point In Holding Elections” In Bailed Out Countries

Perhaps it is only fitting that democracy officially dies in the country in which it was born, a country which is about to very clearly demonstrate to the rest of the world that in this day and age, banks have infinitely more power and leverage that “sovereign” nations.
I would not call it "fitting" but rather "ironic".

As I keep saying, economic liberalism, whether neoliberalism or ordoliberalism, is incompatible with political liberalism, that is, democracy and popular sovereignty.

1 comment:

NeilW said...

The Left wanted a superior law to appeal to so that it could constrain the decisions of national governments.

They got what they wanted.