atans1

“When democracy sucks”

In Uncategorized on 18/07/2015 at 1:14 pm

When there is an existentialist crisis and unpopular measures have to be taken.

No not from Harry, PM or any other PAPpy.

Writing in the FT today, Glenn Hutchins argued that

“When our economy was most fragile, in the aftermath of the crisis, elected politicians wrangled year after year.

Fortunately, the central bank was independent of politics, which enabled it to act.”

http://www.economist.com/blogs/buttonwood/2015/07/euro-crisis-0

Tomorrow, I’ll explain why “technocracy ” doesn’t work with special reference to s’pore. Visit this blog.

Whatever, the¬†existentialist threats that Israel faced, didn’t prevent it becoming a fractious democracy. Neither did Westminster or Congress close in WWII.

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