Solution

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 

14 May 2012

As promised, we publish today the solution to the puzzle we set yesterday 13 May 2012. If you have not yet read yesterday’s post, we suggest you do so now so that you can have a crack at solving the puzzle before looking at the solution below.

The eight organisations in question and the countries to which they belong are as follows:

PSB         公安局      Public Security Bureau         CHINA

FSB         ФСБ Федеральная служба безопасности

Federal Security Service                       RUSSIA

SVR        CBP  Служба Внешней Разведки

 Foreign Intelligence Service                  RUSSIA

KGB     КГБ  Комитет государственной безопасности

Committee for State Security                 RUSSIA

MI5       Military Intelligence section 5                      UK

MI6       Military Intelligence section 6                      UK

FBI         Federal Bureau of Investigation                  USA

CIA         Central Intelligence Agency                         USA

 

We also asked readers to decipher the following anagram. The anagram is a rearrangement of the letters and words making up a covert motto applicable to all the above organisations.

The anagram is:

IF SEE DEATH JUST HINT SEMEN

The covert motto applicable to all the organisations is:

THE END JUSTIFIES THE MEANS

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

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Posted in Military, Politics | Tagged , , , , , , , | Leave a comment

Puzzle

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 13 May 2012

Today we set readers a puzzle. The following is a list of the English abbreviations of eight organisations in various countries. You have to say what the initials stand for and to which countries the organisations belong. As a tie-breaker, you have also to decipher the anagram under the list. The anagram is a rearrangement of the letters and words making up a covert motto applicable to all the organisations. Good luck! The answers will be in tomorrow’s post.

 PSB

FSB

SVR

KGB

MI5

MI6

FBI

CIA

IF SEE DEATH JUST HINT SEMEN

—————–

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Military, Politics | Tagged , , , , , , , | Leave a comment

Progress, what progress?

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 12 May 2012

It can’t be denied that since the days of homo sapiens human beings have made great progress in the fields of science and the arts. However, in politics we seem always to be stuck back at square one. When one looks around the world today, what do we see?  There are wars and threats of war in central Asia, the butchery of civilians in Syria, narco-wars in Latin America, the drumbeats of war in the South China Sea, dictatorships in most of the countries of Africa, the Middle East, central Asia, Russia and China….Capital punishment is widespread and, regardless of ideological differences,  torture is now respectable again everywhere (including the United States and Britain). Meanwhile, in the so-called western world we have replaced dictatorships with political duopolies in which power alternates between two differently named political parties which have virtually identical policies so that, whichever party happens to be in power, virtually nothing changes.  Meanwhile, as has happened since the beginning of time, the rich get richer and the poor get poorer. Not much to celebrate, frankly. And not much sign that things will get better in the future. In fact, with global warming and the depletion of natural resources, including water, things look set to get a good deal worse. And that’s an optimistic view.

 ——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in China, Politics, Russia, Torture, UK, UN, USA | Tagged , | Leave a comment

Mr Micawber

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 

11 May 2012

 

GREECE

Income

Yesterday 10 May 2012 bankupt Greece received a bailout of  4.2 billion euros in loans from the European Union and the International Monetary Fund.

Outgoings

In May 2012 Greece has to pay 4.8 billion euros to its creditors.

A quoi ça sert?

Cui bono?

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Europe, Greece, UN | Leave a comment

Arsonists putting out fires

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 8 May 2012

Apologies to readers outside Europe, but we continue to blog on the Greek crisis.

This is because nothing less than the future of the European Union is at stake.

Given the mishmash of political parties that emerged from the Greek parliamentary elections on 6 May 2012, it is questionable whether any government can be formed that will be able and willing to inflict on the Greek people the savage austerity programme demanded by the troika of overseers from Brussels (the European Commission), Frankfurt (the European Central Bank) and Washington (the International Monetary Fund) that now police the Greek budget.

The troika wants to slash the standard of living of the Greek people so that any public funds available will not be used to alleviate the plight of the long-suffering Greek citizen but will be exported to pay back loans and bailouts from international public creditors, such as the European Central Bank and the International Monetary Fund, as well as from international banks.

Yesterday Alexis Tsipras, leader of the radical left party Syriza, threw in the towel after a vain attempt, at the request of the Greek President, Karolos Papoulias, to form a government. Not only did Tsipras fail to win support from the two main capitalist parties – the nominally socialist Pasok party and the unquestionably conservative New Democracy parties – but he also failed to get the backing of the Communist (KKE) and Democratic Left parties, which should have been his natural allies.

As we said in our post yesterday 9 May 2012, the left might as well pack up and go home if it cannot cut out doctrinal disagreements and form a united front against the capitalist class. This is a time for tactics, not ideology. There is everything to gain and no time to lose.

New Democracy, which is led by Antonis Samaras, had failed to get a government coalition together earlier in the week, so Papoulias has now called on Pasok leader Evangelos Venizelos – scion of a famous Greek political dynasty and so a nepotistic beneficiary of his family’s political prominence – to form a government.

Asking New Democracy or Pasok to rescue Greece from its current economic travails is like recruiting arsonists to put out fires.

The exclusive dominance of New Democracy and Pasok has resulted in a political duopoly that has exercised a stranglehold over Greek political life for decades. When the electorate has tired of the one party, the other has automatically replaced it in government. The alternation in power of these two parties, however, has not resulted any significant change in government policy, as they both come from the same capitalist stable.

The current implosion of the Greek economy took place, accordingly, during a time when one or other of these parties was in power. It took place on their watch and under their eyes. Hence, they are the last people one might think of calling on to extract the country from the morass in which it is currently mired.

Moreover, both of these parties, happy to lick the boots of Greece’s international creditors, have endorsed the savage austerity packages exacted by the country’s international creditors. Better the Greek people suffer than have long faces in Brussels, Frankfurt and Washington.

It remains to be seen whether Pasok will be successful in cobbling together a new government coalition.

If it cannot, further parliamentary elections are likely to be held in the near future, the outcome of which it is difficult to predict: it is likely that either the pro-creditor parties will increase their vote, the electorate being fed up with the current political impasse, or the voters will give stronger backing to leftwing parties opposed to externally dictated austerity.

Even if a new coalition can be stitched together, however, following fresh elections, there is no guaranteed that it will last for long.

For weeks now the financial markets have been predicting that Greece will default on its remaining debts and exit the euro. Antigone1984 thinks that that would be a good thing. We know, on the other hand, that the European Union will stop at nothing to prevent that happening. If Greece leaves, that would set a domino-effect precedent for the departure from the eurozone of other weak economies, such as Portugal, Spain or Ireland. The eurozone is the foundation upon which the project of European homogenisation is based. The whole house of cards would face collapse. Antigone1984 is pessimistic. We do not think that Brussels will allow that to happen.

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Europe, Germany, Greece | Tagged , , , , , | Leave a comment

Splitism

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

9 May 2012

Since the birth of socialism in the mid-19 C, the left has been embroiled in non-stop internecine ideological disagreements which, time and again, have prevented the formation of a united left front against capitalism. Karl Marx himself was an active participant in the resultant doctrinal in-fighting, likewise Lenin and Trotsky at a later date.

The capitalist enemy, by contrast, has tended to remain united behind a single ideological construct – the deification of the unregulated free market – which has largely given it the edge in the never-ending battle with its socialist class enemy. While the socialists were scrapping among themselves, the capitalist cavalry could ride lock-step into battle in the single-minded pursuit of a crushing victory over the workers, peasants and intellectuals.

It is not that the capitalists do not squabble among themselves. Of course they do. But their squabbles tend to be over personality differences and rivalry for key roles in the capitalist army – and not over ideological differences.

The socialists too, of course, are riven by personality conflicts and personal rivalries, but on top of that they are terminally disadvantaged by a built-in propensity for ideological splits.

We can see this dismal scenario being played out in Greece today.

Following the parliamentary election on 6 May 2012, the two main capitalist parties – Pasok (the Panhellenic Socialist Movement) and New Democracy – between them have 149 of the 300 seats in the new parliament.

New Democracy, the party which won the largest percentage of the vote, gained 58 seats, while Pasok came third with 41 seats, giving the two parties a combined total of 99 seats.

However, Greek election rules provide that the party winning the largest percentage of the vote – in this election New Democracy – gets a free bonus of an extra 50 seats, bringing the combined total for Pasok and New Democracy to 149 seats.

Pasok and New Democracy are nominally political enemies, New Democracy being a party of the right and Pasok claiming to be socialist. However, both parties are equally committed to the market economy and, in practice, you could not slip a sheet of paper between their policies.

The leftwing opposition parties, as usual, were split.

Syriza, the leading radical leftist party, won the second largest percentage of votes cast, giving it 52 seats. The Communist Party (KKE) won 26 seats and the Democratic Left (a splinter group of former Syriza supporters) 19 seats, bringing the total for all the left-of-centre parties to 97.

Had these three parties agreed to present a united front at the election, they would have been by far the largest party and so would have been eligible for the 50 extra bonus seats, bringing the total number of leftwing seats in the new parliament to 147.

In which case, the bonus of 50 extra seats would not have gone to New Democracy and the combined total of seats for New Democracy and Pasok would have remained at 99.

There are some signs that a deal between the Democratic Left and Syriza might have been cut. A main concern of the Democratic Left is that any government that emerges from these elections should stay in the eurozone and this is a position that Syriza apparently holds as well – at least for the nonce.

However, by agreeing to stick with the euro, as required by the Democratic Left, Syriza has torpedoed any alliance with the Communists, who want to jettison the euro.  The leaders of the Communist Party and Syriza are apparently not on speaking terms.

Yet until the left can sink its ideological differences and present a united front against the forces of capital, it will continue to be defeated by a united enemy that will stop at nothing to secure its ends.

This is the case not just in Greece today. A universal feature of the class war, it is valid everywhere and at all times. Alternatively, it is plain common sense.

—————–

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Greece | Tagged , , , , , | 1 Comment

Age: drachma 3000 years, euro 10

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 8 May 2012

Two leftwing political parties in two different European countries have garnered unprecedented popular support in elections just held in both countries.

Both parties have very similar axes to grind: in particular, they reject the savage austerity measures being shoved down the throats of ordinary Europeans by the German-dominated European Union and its Washington counterpart, the International Monetary Fund.

However, paradoxically, at the same time the two parties want to remain inside the eurozone.

The parties in question are the Front de Gauche, a united front of leftwing parties, including the Communist Party, in France. The Front de Gauche, led by Jean-Luc Mélenchon, gained 11.7 % of the vote in the first round of the presidential election on 22 April 2012.

The other party is Syriza, a coalition of radical leftwing parties which came second in the parliamentary elections in Greece on 6 May 2012. Led by Alexis Tsipras, it gained 16.78 % of the vote and 52 seats in the parliament (Boule).

Antigone1984 heartily approves of the wish by these parties to ditch the EU’s austerity pact. However, it is at a loss to understand why they should still want to keep the euro.

We sketch out below the benefits for Greece of a speedy exit from the euro. Many of the arguments also apply, mutatis mutandis, to other crisis-hit countries of the eurozone. Nor are they without relevance to stronger eurozone states such as France, which is itself on the brink of entering the stormy currents of euro-turbulence.

THE CASE FOR A SPEEDY GREEK EXIT FROM THE EUROZONE

1. By leaving the euro, the Greeks would regain their national independence. They would no longer be at the beck and call of the Germans, the European Central Bank and the IMF. The elected representatives of the Greek people could decide democratically, without outside interference, what type of economy they wanted for the Greek people. They would no longer have their hands bound by the free-market shock therapy prescribed by the troika of hated economic creditors from Brussels, Frankfurt and Washington.

2. The Greeks could immediately default on their international debts – ie write them off wholly or partially – as Argentina did around the turn of the millennium with the result that the Argentine economy has boomed ever since.  At a stroke, by declaring itself bankrupt, Greece would escape from under the sword of Damocles that has hung over its economy in the form of the country’s colossal overseas debt obligations. Moroever, the troika would no longer be able to blackmail the Greek government into imposing savage austerity on the Greek people – economic death by a thousand cuts – in exchange for a drip-by-drip feed of grudging, inadequate and ineffective bailouts.

3. By leaving the euro, the Greeks would regain control of their own currency. They could then do what all countries outside the strait-jacket of the eurozone can do: they could devalue their currency and increase interest rates, thus promoting exports and attracting investment. Within the currency union of the eurozone, devaluation is no longer possible for individual member states, while changes in interest rates are the exclusive preserve of the Frankfurt-based European Central Bank.

4. The result of the above measures would be to restore dignity and independence to the Greek people and growth to the Greek economy.

5. If the Greeks remain within the euro, however, the economic freedom of action demanded by Syriza will remain pie in the sky. Whatever the government in office in Athens, it will not be strong enough to withstand the combined political pressure of Washington and the EU. These bodies and their minions will allow nothing and no one to interrupt their gadarene rush towards the ultimate catastrophe of a United States of Europe. This will involve the extinction of the nation states and the institution of an unregulated free market jungle based on the procrustean harmonisation of the eurozone’s economies. The maintenance of the eurozone and the fiscal unification now being promoted as a key feature of it are a key step on the road to that catastrophe.

The leftwing parties in Greece, France and elsewhere have to get their act straight. They have to come off the fence. They cannot have their cake and eat it – or, as the French say, “on ne peut pas avoir le beurre et l’argent du beurre”.

The question we ask is this: what would be so terrible about restoring the drachma?

The drachma is said to have been in use in at Pylos in Mycenaean Greece in 1100 BC. That makes it over 3000 years old. At the behest of the EU, the Greeks ditched it for the euro in 2002. That makes the euro ten years old.

It is generally agreed that the Greeks made a good fist of the civilisation that they developed over the three millennia during which their economy was based on the drachma.

When the euro was introduced throughout Europe a decade ago, it was launched with a fanfare of trumpets: the Europhiliacs in Brussels swore that the euro was the open sesame to the promised land – a Europe that would overflow with milk and honey. The political suckers that passed for the leaders of Europe’s nations at the time swallowed this fairy-tale hook, line and sinker. The result has been plain for all to see.  Instead of ushering in an era of limitless abundance, the introduction of the euro has led to an economic and political crisis of unprecedented dimensions. Growth in the eurozone has come to a full stop and eurozone countries such as Greece, Portugal, Ireland, Spain and Italy have been pitchforked into a downward economic spiral of unparalleled ferocity. The crisis is now lapping even at the shores of the zone’s supposedly stronger members, Holland, France and Germany.

If the leftwing parties in Greece and France cannot see this, they might as well shut up shop and go home.

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Europe, France, Germany, Greece, Spain | Tagged , , , , | Leave a comment

Come back, Ephialtes!

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 

7 May 2012

ATHENS, 2012

Ephialtes! thou shouldst be living at this hour:

the Hellenic Democratia  hath need of thee: she is a fen

Of stagnant waters: altar, sword, and pen,

Fireside, the heroic wealth of hall and bower,

Have forfeited their ancient Grecian dower

Of inward happiness………

 

[With apologies to Milton and Wordsworth]

 

It is a well-known historical fact that Greece is the cradle of democracy.

It was in Athens 2500 years ago, in 462 BC, that the key powers of the powers of the Areopagus – the  conservative-leaning judicial and political council composed of elder statesmen and old freddies – were transferred to democratic institutions  (popular courts, elected councillors and an assembly of all citizens).

This transfer of power, carried through by Ephialtes, marked the birth of democracy.

It is a less well-known – but still mindboggling – fact that the current Greek election rules give 50 extra seats in the Boule, the Greek parliament, to the political party which gains the highest percentage of votes in the parliamentary elections.

In the parliamentary election which took place yesterday 6 May in Greece, the electorate gave a bloody nose to the two main political parties –  Pasok (the Panhellenic Socialist Movement) and the rightwing New Democracy party.

This is because they agreed to act as agents of the German government – in “collaboration” with the European Union in Brussels and the IMF in Washington – in  imposing a savage austerity package on the Greek people in exchange for a budget bailout.

With 99.9 % of the vote counted, the results of yesterday’s ballot were as follows:

New Democracy, which won 33.5  % of the vote at the last election in 2009, yesterday won only 18.85 %, entitling it, on the basis of the percentage of votes cast, to 58 seats in the 300-seat Parliament.

However, as the party which gained the highest proportion of votes, New Democracy received no fewer than 50 extra seats as a free gift, taking its representation in parliament to 108 seats!

The Pasok score yesterday was worse: 13.18 % (43.92 % in 2009), giving it only 41 seats.

In fact, Pasok limped into third place after the leftwing Syriza party, which scored  16.78 % (4.6 % in 2009) with 52 seats in the Boule.

Two other leftwing parties also secured representation in parliament: the Communist KKE party with 8.48 % (7.5 % in 2009) of the vote and 26 seats, the Democratic Left with 6.1 % (it was absent from the 2009 election) and 19 seats.

On the right, apart from New Democracy, the results were as follows:

Independent Greeks: 10.6 % (absent in 2009) of votes and 33 seats.

Golden Dawn ( a far right party):  6.97 % (0.3 % in 2009) of votes and 21 seats.

What can possibly justify giving an extra 50 votes to New Democracy? The answer is nothing. It amounts to a negation of democracy and makes a mockery of the ballot.

The system of voting used in Greek is, on the surface, proportional representation, that is to say, parliamentary seats are allocated on the basis of the percentage of votes cast.

Wherever proportional representation is used, it frequently happens that many parties – some large, some small – are elected to parliament. These parties then have to negotiate among themselves till they come up with a recipe for government upon which a majority of members of parliament can agree. Proportional representation gives pride of place to democratic decision-making.

So what is the rationale for giving an extra 50 seats in Greece to the party with the highest percentage of the vote?

According to today’s Le Monde newspaper, the idea is to “stabilise the result of the proportional ballot”.

In fact, the idea is to shut out from government the smaller parties. The aim is to give the largest party – for free – enough votes to form a parliamentary majority by itself or in coalition with the next largest party. In plain language, the aim of this wheeze – spatchcocked into the electoral rubric – is to ensure that the two big traditional parties, New Democracy and Pasok, continue to exercise a stranglehold over government in Greece.

The result, of course, is to make the ballot non-proportional. New Democracy is entitled to only 58 seats on the basis of its 18.85 % share of the vote. The extra 50 seats, giving it a total of 108 seats, negate the very principle of proportionality.

This is the “new”modern-style democracy that has replaced the old-fashioned traditional ballot where every vote counted but no vote more than any other.

The New Democracy party is well named!

The extent to which the shenanigans of the Greek political class have turned off voters can be gauged from the abysmal turnout. Only 65.09 % of the electorate bothered to vote – this at a time of extreme political turmoil and the implosion of the Greek economy. Over a third of voters could not be fagged to turn out. They were convinced that the political class, responsible for imposing austerity on them in the first place, were the last people likely to do anything to alleviate the resulting hardships.

Ephialtes must be turning in his grave!

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Europe, Germany, Greece | Tagged , , , , , | 1 Comment

Socialists win presidential poll in France

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 6 May 2012

Paris, 8pm French time

Announcement of the result of the French presidential election 2012

STOP PRESS

As predicted back in January by Antigone1984, incumbent rightwing French President Nicolas Sarkozy has lost the presidency to his mildly socialist rival François Hollande following the conclusive round of the presidential ballot today in France.

Final results show that that Hollande won   51.68  per cent of the vote, compared with  48.32 per cent  for Sarkozy, who has been president since the last election in 2007.

The result is a kick in the teeth for both for the German chancellor Angela Merkel, who had snubbed Hollande during the French election campaign, making clear her preference for Sarkozy, and for the German-dominated Eurocratic elite in Brussels, who now face the unravelling of the austerity pact they had so painstakingly cobbled together at the start of this year.

The pact imposes balanced budgets on the 25 European Union countries whose leaders signed up to it. Against the wishes of Germany and Brussels, Hollande has pledged to renegotiate the pact – which has still to be been ratified in most national parliaments –  so as to offset the budgetary restrictions with measures to stimulate growth.

In the view of Antigone1984, measures to stimulate growth will necessarily temper, if not entirely negate, the budgetary restrictions so that – if Hollande is successful in his renegotiations – the EU will end up back in square one in more or less the same situation it was in before the signing of the austerity pact.

In our post on 14 January 2012, “Sarkozy loses French presidential election”, Antigone1984 predicted that Sarkozy would fail to be re-elected.

The day before, on 13 January 2012, credit rating agency Standard and Poor’s downgraded France’s sovereign debt credit rating from the top AAA grade to AA+.

Sarkozy had pinned the credibility of his economic stewardship over the four years of his current mandate on France retaining its AAA rating.

As we said in our post on 14 January 2o12:

“Antigone1984 believes that “Black Friday” 13 January 2012 will be seen as the day when Sarkozy lost the presidency. France will henceforth be regarded in financial markets as a second-tier economy and the concomitant humiliation of this once great economic power will be deeply resented by a French electorate already hard-hit by the economic crisis. Sarkozy is the natural scapegoat. It was on his watch that the downgrade occurred.”

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in Uncategorized | Leave a comment

Justifiable apathy

Editorial note: If you have not yet read our mission statement above, please do so in order that you can put our blogs in context. 

 5 May 2012

VOTER BOYCOTT

The voter apathy in the UK local elections on Thursday 3 May, which we highlighted in this blog yesterday, was underlined in the lead article in today’s Guardian newspaper, which commented:

“Only one eligible voter in every three participated in the local elections. This was the worst turnout percentage since 2000….the economy is in recession for the second time in three years and times are hard. There is much to complain about. The party battle, moreover, is fierce. An angry public and a close contest ought to have been a recipe for high turnout. Yet more than two-thirds of voters decided not to take part. This lack of engagement is the most eloquent of all the political messages of these elections and the one that the parties need to take most seriously. Most voters are fed up, not fired up.”

Quite. As we said yesterday, ordinary people don’t think that these elections will make any difference to their lives and, as often happens, the verdict of ordinary people is spot on. As usual, they will gain diddly-squat from these elections, which are exclusively about reshuffling relatively lucrative local government positions among the local micro-elites of the political parties. They have zilch to do with benefiting the electorate.

——————

 You might perhaps care to view some of our earlier posts.  For instance:

 1. Why? or How? That is the question (3 Jan 2012)

2. Das Vierte Reich/The Fourth Reich (6 Feb 2012)

3. The shoddiest possible goods at the highest possible prices (2 Feb 2012)

4. Where’s the beef? Ontology and tinned meat (31 Jan 2012)

5. What would Gandhi have said? (30 Jan 2012)

Every so often we shall change this sample of previously published posts.

——————

Posted in UK | Tagged , | Leave a comment