Wednesday, June 16, 2010

The new normal takes shape

"... Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.
In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money...
Full text
Comment: The words by Commission President Barroso are not fantasy. Worse: it is not only Europe that is threatened but the whole world. The grand failure of populist democracy, the decade-long love affair with debt, a culture of infantilization and the corruption of science and education now begin to bear their deadly fruits.

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