is still war even if it was bloodless. This what I have concluded in a long article, "Replacing Economic Democracy with Financial Oligarchy" I had quickly perused by Michael Hudson reproduced in "Credit Writedowns"
He avoided the word: conspiracy, but he said even more that such existed in the troubles that Europe's peripheral economies experience today. The primary object to illustrate his case was Greece. That nation, the birthplace of democracy is being conquered and squeezed dry by the shenanigans of the Cosmopolitan Financial Elite.
I disagree with the writer that such a conspiracy exists. Please draw upon Occam's Razor. A simpler explanation was if a vacuum exists, it must be filled, and it was occupied by the finance folks because they could get there before anyone else. Then they go about their profit seeking ways amorally. Microscopically it was just business. At the macro level, it was a disaster in the making. The wisdom of the moral philosophers failed, and by the way, don't we also without acknowledging so, lean on the same?
In a way, Greece, Ireland, Spain or Portugal are so far away, but the speed of transmission of troubles from there will not make them feel so distant in the end. My concern aren't these failing economies. Their present problems offer the opportunity of insight what Singapore might experience if we have very smart leaders but with hearts in the wrong place. This would be the more meaningful definition of what constitute a bad government for us. Bad government get in by stealth upon the blessings of a duped electorate. We must not let up in insisting on transparency and accountability. We must continuously educate and inform ourselves for longer term security.
We may have an Elected President, but as long as LKY is still alive, he is effectively the EP without bearing the office. In this sense, we will never know if the institution of the EP works until he is completely gone from the scene.
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