Alasdair Macleod: The gently-rotting, debt-ridden European Union

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 7, 2018

The Euroepan Union as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: Its core principle is the state is superior to its people. A system of government can only work over the longer term if it recognizes that it is the servant of the people, not its master. It matters not what electoral system is in place, so long as this principle is adhered to.

The EU executive in Brussels does not accept electoral primacy. It shares with Marxist communism a belief in statist primacy instead. The only difference between the two creeds is Marx planned to rule the world, while Brussels is on the way to ruling Europe.

... Dispatch continues below ...



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The methods of satisfying their objectives differ. Marx advocated civil war on a global scale to destroy capitalism and the bourgeoisie, while Brussels has progressively taken on powers that marginalise national parliaments. Both creeds share a belief in an all-powerful executive. The comparison with Marxism does not flatter the EU, and suggests it has a limited life and that we may be on the verge of seeing the EU beginning to disintegrate. Despite economic evolution in the rest of the world, like Marxian communists Brussels is stuck with a failing economic and political creed. ...

... For the remainder of the commentary:

https://www.goldmoney.com/research/goldmoney-insights/the-gently-rotting...

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