People may be inclined to think that concerns about the loss of democratic control in the economic decisions being imposed upon distressed European countries - Ireland, Greece, Italy and others to come - as a condition of the loans being granted by the IMF, the EU and the ECB are an over-nice indulgence of liberal sensibilities rather than a real concern for genuine popular interests.
That might be wise and worldly if these 'rescue' packages did not amount to deeply political choices that attempt to entrench structures in national economies and society that massively favour highly sectional interests and commit societies to paths leading to major practical and cultural consequences.
It is a time for political choices and if they are not made democratically, when peoples believe themselves to live in democracies, we shall reap as we have sown.
http://michael-hudson.com/2011/12/europe%E2%80%99s-transition-from-social-democracy-to-oligarchy/
http://www.golemxiv.co.uk/2011/12/the-hammer-of-debt/?utm_source=rss&utm_medium=rss&utm_campaign=the-hammer-of-debt
