George Monbiot writing within the Guardian gives a historic context for the present disaster in Greece and within the Eurozone which should be seen below the sunshine of the lengthy story of “subordinating human welfare to monetary energy.” This subordination has at all times been exercised within the identify of what was traditionally generally known as “laissez-faire,” and which we all know right this moment as “market fundamentalism” or “neoliberalism.” From the 19th century Indian and Irish famines and the gold commonplace to the “structural adjustment programmes” administered by the IMF within the late 20th century, it’s at all times about “protecting the bulk poor whereas the wealthy take pleasure in a gilded age.” The Maastricht Treaty, which established the European Union, and the institutional administration of the monetary disaster since 2010, arose from the identical impulse of an “excessive model of market fundamentalism.” Though they current themselves as “the one adults within the room,” the people who find themselves accountable for and design these insurance policies change into “demented utopian fantasists, votaries of a fanatical financial cult.” This helps clarify the “seigneurial horror with which the troika’s unelected technocrats have greeted the resurgence of democracy in Greece.”

The crushing of political selection will not be a side-effect of this utopian perception system however a vital part. Neoliberalism is inherently incompatible with democracy, as folks will at all times insurgent in opposition to the austerity and financial tyranny it prescribes. One thing has to provide, and it should be the folks. That is the true street to serfdom: disinventing democracy on behalf of the elite.

Photograph: Athens, June 2011. An illustration in entrance of the Greek Parliament. Ggia/Wikimedia Commons

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