The failure of Technocracy… and the shift from democracy… January 18, 2013Posted by WorldbyStorm in Economy, European Politics, Irish Politics, The Left.
It references a truly disturbing decision in Slovenia by that state’s Constitutional Court that a referendum on the issue of the establishment of a ‘bad bank’ would be unconstitutional because it ‘would have caused unconstitutional consequences’ by… as he notes:
…endanger[ing] other constitutional values that should be given priority in an economic crisis: the efficient functioning of the state apparatus, especially in creating conditions for economic growth; the realisation of human rights, especially the rights to social security and to free economic initiative.
Particularly striking is the following which is a conclusion that many of us have come to in the context of events in this state and further afield.
The idea is that, in a complex economic situation like today’s, the majority of the people are not qualified to decide – they are unaware of the catastrophic consequences that would ensue if their demands were to be met.
This, of course, is the antithesis of democracy.
But he makes a further deeply persuasive argument that in reality it is those in charge of economic policy who have proven to be ignorant of their supposed area of expertise and incompetent.
The least one can say is that this crisis offers proof that it is not the people but experts themselves who do not know what they are doing. In western Europe we are effectively witnessing a growing inability of the ruling elite – they know less and less how to rule. Look at how Europe is dealing with the Greek crisis: putting pressure on Greece to repay debts, but at the same time ruining its economy through imposed austerity measures and thereby making sure that the Greek debt will never be repaid.
This, I believe, is crucial. The dynamic appears to be one where as the orthodoxy’s grasp on the situation becomes more precarious so their inclination to extra-democratic approaches increases. Matters have – superficially – quieted on the European economic front, but the omens don’t look great for developments later in the year. It will be instructive to see how that is handled in light of the above.