The demise of Socialism is having real consequences in terms of a huge re-distribution of wealth from the poor to the rich all disguised by re-envisaging it through the prism of crude nationalistic stereotypes and blaming the poor for their own fate.  In one sense the stereotype may be justified - insofar as the poor are complicit in their own looting.  

The last time we had this it led to a world war as the elites struggled to retain their stranglehold by other undemocratic means. The EU was meant to put an end to all this.  Now it is becoming the instrument of the globalised ruling elites who have no national allegiance - except for the purposes of PR.  The ECB doesn't even pretend to have a democratic mandate, and its loyalty is to the ruling financial classes regardless of nationality.  And where is the EP in all of this?  Impotent as usual.

Index of Frank's Diaries