Sep 102015
 
 September 10, 2015  Posted by at 11:10 am Finance Tagged with: , , , , , , ,  13 Responses »


Thomas Eakins Walt Whitman 1891

Jean Claude Juncker held a speech yesterday that had, oh irony, been labeled a State of the Union. A perfect way of showing how pompous Juncker and his surroundings have become. A perfect way, too, to point out how much the European Union differs from the United States. The gap is so wide it doesn’t need any explaining.

Much of the speech concerned the refugee crisis Juncker and his cronies share a lot of the blame for, and for good measure he managed to get in a vile threat to Greece, in the vein of “Greece must respect the bailout, or the EU reaction will be ‘different'”, and “Greece cannot be kept in the euro at all costs”. In Brussels, democracy is a word fast losing even the last shreds of its meaning.

Juncker’s a very boring speaker -when he’s not been drinking-, but that doesn’t take away from the message. Brussels seeks to use the refugee crisis for the same purpose it uses all crises for: power grabbing. A reaction from Nigel Farage that was dripping with vile bigotry was the best reaction I read about to the speech, and in my not so humble opinion that is desperately sad.

It’s a shame and a disgrace that bigots like Farage, Le Pen, Orban and Wilders will have to decide the future of the EU, but it’s still a mile and a half better than more EU, because the European Union is rapidly turning into a monstrosity the likes of which even Europe has seldom seen in its history, and that’s saying something.

28 separate formerly sovereign nations are coming under the thumb of a de facto occupying force that is squeezing their sovereignty and democracy out of them in boa constrictor fashion, leaving them behind as empty political shells. And every single one of these nations has voluntarily signed up for this treatment, blindly lured by financial promises that the Greek crisis has abundantly exposed as hollow and void.

Brussels has created another crisis. No, the refugee situation didn’t start last week and yes, the EU did nothing for months, other than shutting down Italy and Greece’s own refugee aid programs and replacing them with the very suspicious Frontex bureau.

And now this crisis is in full flight, what does Juncker call for? More EU, more Union. Which means more power moving to Brussels. This is an MO, not an unfortunate accident.

The Europe of Juncker, Merkel, Cameron and Hollande could and should have moved much faster on the refugee issue, and not have let thousands of people drown before coming up with the plan Juncker presented yesterday, which comes up way short of what will be needed, but which some Reuters editor still had the audacity to label ‘bold’.

A grand resettlement plan for 160,000 refugees makes no sense at all at a time that Germany alone will receive perhaps as much as a million refugees this year. The best thing about the plan may turn out to be the compulsory character Juncker seeks to give it, complete with sanctions for countries that refuse to be told by him what to do.

Even better, obviously, is the fully braindead idea of letting countries pay NOT to accept refugees. Once you start translating human misery into monetary terms, your only possible future looks excruciatingly bleak.

But it will be a spectacle to watch, Brussels dictating terms on sovereign countries, or countries that still think they are sovereign at least.

Brussels succeeded in getting all EU nations to gang up on Greece earlier this year, and countries that are non-compliant on the refugee issue are going to receive death threats like the ones Greece received, but the 27-to-1 majority that existed in that case will not repeat itself.

There is not much difference in depth of bigotry and opportunism between Juncker, Farage and Le Pen. So perhaps it’s only fitting that they get to fight to secure the end of the grandiosely ill-conceived pan-European project amongst themselves. There are no other voices left, no reason, no moderation, no common sense.

Europe’s left is all but dead from largely self-inflicted wounds, set in motion by the likes of Tony Blair. That leaves just one voice, that of the sociopaths, the type of individual overly large institutions select for by default.

If Brussels and Juncker have their way, the EU is going to turn Europe into a -perhaps guerrilla- warzone, of occupiers and occupied battling for power. If the European Union is dissolved, the sovereign nations that remain behind may yet have a -fighting- chance.

The refugee crisis has shown us, and in rich colors, that there are still a lot of decent people in Europe. The problem is that they have no political voice. The dissolution of the Union may be the best -if not only- way to return that voice to them.

Separate sovereign countries with decision making and accountability on a smaller and therefore more human scale are much less likely to draw sociopaths into leading positions.

May 082015
 


Jack Delano Long stairway in mill district of Pittsburgh, Pennsylvania 1940

We at the Automatic Earth always try to steer clear of elections as much as possible, because there are no functioning democracies left in the west -no more than there are functioning markets-, and no journalists reporting on them either. Interesting question, by the way: how can a journalist report on a democracy that isn’t there? And where in that setting does news turn to mere opinion, and where does opinion then become news ?

Still, of course we caught some bits of the UK elections along the way regardless. The decisive moment for us must have been when Jeremy Paxman interviewed David Cameron at the BBC, and asked him if he knew how many foodbanks had been added in Britain since he took office 5 years ago.

Cameron, well duh obviously, had no idea, and instead of answering the question he started a flowery discourse praising the many volunteers who work in the foodbanks he didn’t know existed. Paxman cut him short and said there were 66 when Cameron came to power, and 421 now. Apparently in Britain, volunteers are needed to take care of the needy, they’re not going to pay people to do that. You would think that takes care of Cameron’s candidacy, but you couldn’t be more wrong.

At least Paxman seemed to try, but interviews like his should take place on the eve of an election, not 6 weeks before them like this one. That leaves far too much time for spin doctors to repair damage done by their candidate’s ignorance and gullibility. It’s crazy enough that party leaders can refuse to discuss each other, let alone the public, in public. Then again, that too would only be significant if there would be an actual democracy in Britain.

As things are, they might as well have put the royal baby in charge as soon as she was born, or for that matter the newborn macaque in Japan that ‘stole’ her name (at least there was an honest public ballot for that). Or perhaps the adorable little monkey can take over polling in the UK, since we can’t imagine any British pollsters still being employed tomorrow morning, not with the degrees to which they missed any and all election outcomes today.

A whole bunch of ‘leaders’ will leave too, but there’s plenty of shades of dull grey humanoids waiting in the wings to replace them. Besides, though Nigel Farage has often been dead on in describing, in the European Parliament, the inherent failures of Brussels, at home he’s never been more than a sad lost clown. I had to think hard about LibDem Clegg’s first name, even needed to look it up -it’s Nick- , and that sort of says it all: he would do well to change his name to Bland.

And perhaps Ed Milibland should do the same. Can anyone ever really have believed that this lady’s underwear salesman could have won this election? Or did they all just fudge the numbers so they had material to print? Ed Milibland never stood a chance. And Russell Bland can now go lick his wounds from supporting the guy, and no, Russell, saying now that you’re just a comedian won’t do the trick. You’ve been tainted. If it’s any consolation, you screwed up the same way Springsteen did when he played Obama’s support act. No surrender, no excuses.

Milibland, by the way, had one last no-no to offer in stepping down. He tweeted: “I am grateful to the people who worked on our campaign and for the campaign they ran. The responsibility for the result is mine alone.” Sorry, boyo, but that just ain’t so. The responsibility lies at least as much with the people who put you in the leader’s chair that doesn’t fit you, and with those who kept you in that chair throughout the campaign.

All Brits should feel blessed that they’re not in America, where these campaigns, which are equally hollow and devoid of democratic principles, last ten times as long. If your blessings are few, do count them.

But then, we all get what we deserve. If the Brits want to be governed and gutted by the same people who raised the number of foodbanks the way they have, by a factor of seven in five years, and who fabricated the pretense of a functioning economy by blowing the biggest bubble in British history in selling off London town to monopoly money printing Chinese, Russian expat oligarchs and other such impeccable and blameless world citizens, if that’s what the Brits want, then let them have it.

One things’s for sure: Cameron and his ilk, now that they have a majority, will let them have it. And then some. In reality, though, even if they deserve what they get, there’s no vox populi here: the people have not spoken, the people have done what the press told them to do. Like in so many countries, there effectively is no press anymore in Britain, at least not in the sense that we used to knowl; the press no longer asks questions. Which begs yet another question: what is first to go, the media or the democratic values?

Peter Yukes wrote this for Politico just before the election:

The British Press Has Lost It

For months polls have put Conservatives and Labour close with about third of the vote each, and smaller parties destined to hold some balance of power. But there has been no balance in the papers. Tracked by Election Unspun, the coverage has been unremittingly hostile to Ed Miliband, the Labour challenger, with national newspapers backing the Conservative incumbent, David Cameron over Labour by a ratio of five to one.

Veteran US campaign manager David Axelrod finds this politicization of the print media one of the most salient differences with the US. “I’ve worked in aggressive media environments before,” he told POLITICO, “but not this partisan.” Axelrod may have ax to grind as he advises the Labour Party, but even a conservative commentator and long-serving lieutenant of Rupert Murdoch has been shocked. “Tomorrow’s front pages show British press at partisan worst,” Andrew Neil, former editor of the Sunday Times rued. “All pretense of separation between news and opinion gone, even in ‘qualities.’”

Excuse me, but how is ‘this politicization of the print media one of the most salient differences with the US’? Which US paper has not long been grossly politicized? It’s a shame Yukes devalues his article with such statements.

And that’s the difference. The whole newspaper industry seems to be affected by the tabloid tendentiousness trade-marked by Murdoch’s best-selling the Sun when it roared, in 1992, “It’s the Sun Wot Won It.” The Daily Mail specializes in political character assassination and the ‘Red Ed’ tag was predictable. But when the paper went on from attacking Miliband’s dead father to a hit-job on his wife’s appearance, the politics of personal destruction sank from gutter to sewer.

In this precipitous race to the bottom, perhaps the Daily Telegraph had the steepest fall. Known as a bastion of the Tory thinking, it had long been respected for separating fact from comment. During this election cycle is was caught sourcing its front pages direct from Conservative Campaign HQ, seeming to confirm the parting words of its senior political commentator, Peter Oborne, that it was intent on committing “a fraud on its readership.”

Well, at least it’s no surprise that the Telegraph does what it’s always done. Nobody expects them to be impartial.

The paper of record, The Times, fared a little better, in that there has been two vaguely positive front pages about Miliband — compared to 18 for Cameron.Meanwhile, the publication that arose in rebellion to Murdoch’s acquisition of the Times in the 80s, The Independent, shocked most its staff and readership by backing a continued Lib Dem/Tory Coalition. Reports said the endorsement was a ‘diktat’ from the wealthy Russian-born owner, Evgeny Lebedev, causing many to mock its original ad slogan “The Independent: It’s Not. Are You?” or renaming it ‘The Dependent’.

Even the sober, tight-lipped Financial Times, which once supported Blair and endorsed Obama, lost credibility. The paper said it backed another Conservative-led coalition because Ed Miliband was too “preoccupied with inequality.” But that magisterial tone was undermined when it emerged the leader writer, Jonathan Ford, was pictured in the notorious 1987 photo of Oxford’s elite hard drinking Bullingdon Club next to the Tory mayor Boris Johnson and just below David Cameron.

A bigger problem would seem to be that Milibland can’t have been far from that club; he attended much of the same educational institutions the other ‘leader elites’ did. Yukes is on to something, but he’s missing the point.

Therein lies the problem, and an indication the newspaper world is a microcosm of a wider malaise. The Conservative politician John Biffen once said “whenever you find a senior politician and a powerful media owner in private conclave, you can be certain that the aims of healthy, plural democracy are not being well-served.” This election that conclave looks like an exclusive club.

Rarely have the economic interests of the handful of wealthy men who own most the press (nine men own 90% of all national and regional titles) appeared so brutally transparent. Most of the conservatives among them don’t like Cameron’s modernizing project, or the fact he looks set to fail to get a majority for a second time. But they fear Miliband with a passion because he threatens their power in several ways.

They fear(ed) Milibland? I don’t believe that for a second. I think it’s much more likely that they’ve all intentionally exaggerated Milibland’s poll numbers to make it look like there was an actual race going on. That they were only too happy to have a guy run against theirs that everybody could see from miles away would never be a contender (maybe if his first name would have been Marlon? or Stanley?)

Plus they have the outdated and somewhat inane electoral system, in which for instance the Green Party got – roughly – one million votes and 1 seat, while the Conservatives accumulated 10 million votes and 331 seats. If you can work that system in your favor, you’re half way home. Moreover, if and when you hire the cream of the crop American spin doctors, as the Cons have certainly done, who love purchasing media, you’re way past halfway.

The system can certainly be given some sort of name, but a functioning democracy it’s not. If anything, a democracy is “A system of government in which power is vested in the people”. Makes us wonder how many clients of the 421 foodbanks and counting have voted Con. and figured they were proudly doing their democratic duty.