Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Just like "Market Fundamentalism" is preached by people who then implement policies to serve elite class interests.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Sep 10th, 2008 at 02:18:53 AM EST
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Indeed. They preaching Markets as extractive mechanisms for the Great God of Profit.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Sep 10th, 2008 at 03:33:30 AM EST
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Or the Great God of Ego.

Profit is just his prophet.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Sep 10th, 2008 at 05:41:31 AM EST
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extractive mechanisms indeed...vampire IV's!

so it was you martin, making that great comment a l'orange. well done.

while living here i muse sometimes what gives italy the right (?) to run such huge deficits, what exceptionalism puffs up politicians to assume so rosy an economic future, compared to other european countries.

is it because they feel they have a (swiftly crumbling) america backing them?

that they trust that even if people have to walk over the alps to get here, the food, wine, song and historical monuments and art will guarantee eternal touristic income, no matter how much is currently being paved over, or how badly managed those resources -and the institutions- are being mismanaged?

that for all the rest of weather-deprived yurp, italy will always generate a romantic longing, that will keep the payments flowing, so they can dance out blithely on the end of the deficit-limb?

i can't think of any others. the uk has a similar sense of exceptionalism, reflected in other ways, france and germany have thankfully got over themselves to point the way for the rest.

martin's asides about italy are saddeningly apposite, why does the EU not come down harder on these twisted clowns in charge here?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Wed Sep 10th, 2008 at 06:11:54 AM EST
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