Right at this moment the lives of hundreds of millions of people, or at least their immediate economic prospects, are in the hands of a narrowing number of technocrats and politicians. That the technocrats have been given control in two Euro Zone countries is an affront to democracy. That the technocrats are, by and large, […]

There isn’t much to say: anyone who thought that the appointment of a couple of tired, traditional, economists as heads of Greece and Italy respectively would cure anything was decidedly deluded. Lucas Papedemos and Mario Monti are not elected, so they have little, if any, democratic legitimacy and yet will implement drastic revisions to the […]