What J P Morgan is making clear is that ‘socialist’ inclinations must be removed from political structures; localism must be replaced with strong, central, authority; labour rights must be removed, consensus (call it democracy if you will) must cease to be of concern and the right to protest must be curtailed. This is an agenda for hard right, corporatist, centrist government. There’s another word for that, and it’s what the bankers seem to want.
You have been warned. Amazingly, they had the nerve to issue the warning.
This is Ritchie\’s complaint about a report from JP Morgan on the eurozone economic and political problems. They\’re calling for fascism…..something that we all rather correlate with The Courageous State but leave that aside for a moment.
This is what he\’s actually complaining about:
At the start of the crisis, it was generally assumed that the national legacy problems were economic in nature. But, as the crisis has evolved, it has become apparent that there are deep seated political problems in the periphery, which, in our view, need to change if EMU is going to function properly in the long run.
Note that Morgan is not actually saying that they think these things are a good idea per se. They don\’t recommend changes in these areas because they\’d like to be the boot stamping on a human face, forever (unilke some retired accountants of our aquiantance). No, they say that these things must happen if the Euro is going to work.
That is, the fascism is being imposed by Brussels. Or at the very least, that these are necessary preconditions of the plans being imposed by Brussels.
The EU, a fascist dictatorship. I assume the Murph will now come out, vehemently, against the EU and the Euro. Assuming that if can manage to get his three brain cells around the logical concept of \”If A is the goal, then B must happen first\”.