If some poor bugger was found, more dead than alive and smothered in leeches, whatever the cure, it wouldn’t be to replace any satiated and detached leeches with fresh ones now, would it? Yet that seems to be the ‘cure’ for the productive economy being touted by all parliamentarians. First financial interests sucked themselves fat on our accumulated wealth with the complicity of ‘our’ representatives and now they’ve come back to suck us dry. And what are ‘our’ representatives telling us? That we must subject ourselves to ‘death by a thousand cuts’ in order to feed the financial system and save ourselves; that blood letting is good for us.
Which might give you cause to pause and wonder whose interests ‘our’ representatives represent.
While your conclusion might indicate a crisis for democracy, it certainly won’t indicate a financial crisis. Things are going very nicely in the world of international finance, thankyou. The very wealthiest are getting very much more wealthy. And unaccountable financial centers of power are getting very much more powerful.
There’s a transfer of wealth and power under way. Not a crisis. And it’s ticking along nicely..
The only remaining question is whether we will continue to limit our understanding and possible actions by deferring to the parameters conveniently provided to us by the current calls for austerity in the face of a so called debt crisis, or whether we will step beyond that framing and into a wider political debate.