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Cin · 11-20-2011, 04:42 AM

What price the new democracy?

Goldman Sachs conquers Europe

While ordinary people fret about austerity and jobs, the eurozone's corridors of power have been undergoing a remarkable transformation

The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.

This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project.

http://www.independent.co.uk/news/bu...e-6264091.html

11-20-2011, 04:42 AM	#1
Cin Senior Member How Do You Identify?: Butch Preferred Pronoun?: she Relationship Status: Truly Madly Deeply Join Date: Aug 2011 Location: In My Head Posts: 2,814 My Photo Gallery Thanks: 6,333 Thanked 10,436 Times in 2,476 Posts Rep Power: 21474851	Italy, a wholly owned subsidiary of Goldman Sachs. What price the new democracy? Goldman Sachs conquers Europe While ordinary people fret about austerity and jobs, the eurozone's corridors of power have been undergoing a remarkable transformation The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic. This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project. http://www.independent.co.uk/news/bu...e-6264091.html __________________ The reason facts don’t change most people’s opinions is because most people don’t use facts to form their opinions. They use their opinions to form their “facts.” Neil Strauss