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But politics, when played well, is the art of ameliorating its worst consequences? And perhaps even fixing a few of the problems on the way. Science and Democracy were distinct improvements on what preceded them. The EU a distinct improvement on the warring Great Powers. The Euro perhaps a slight improvement on the currency speculators gaming casinos which proceeded it. We just have to fix the architecture a bit more so that even incompetent administrators can bolix it all the time.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Jun 6th, 2012 at 10:42:42 AM EST
[ Parent ]
The Euro perhaps a slight improvement on the currency speculators gaming casinos which pr[e]ce[]ded it.

Except it isn't. The Euro is a reenactment of the gold standard. And currency speculation in European currencies was not the problem the Euro was designed to solve.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Wed Jun 6th, 2012 at 10:44:40 AM EST
[ Parent ]
But politics, when played well, is the art of ameliorating its worst consequences?

Begs the question.

Politics is about power. It is mostly uncorrelated with what power will be used for.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Wed Jun 6th, 2012 at 10:46:09 AM EST
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