Brilliantly and succinctly put, Kwasi. Since when did the very invisible, but secret, hands of bondholders replace the will of the people!? In markets we trust to overthrow elected governments, and then no commentary.The language and practices of "the market" have long replaced agency and will of the people-- that there's nothing more paramount than securing the confidence of big private and institutional investors. That's why, despite my reservations about pitching tents outside of all banks (central or otherwise) and treasuries, the principle that they are standing for is unimpeachable.
If ever we saw global class rule at work, here it is.
--
Have we noticed that "the market" has replaced two governments in Europe?
The two new prime ministers in Greece and Italy are unelected heads of government
who both worked for Goldman Sachs and are darlings of the international financial system.
This makes a mockery of democracy and undermines the West's moral right to lecture
anyone on the subject.
Kwasi
Kwasi Gyan-Apenteng,
Journalist & Communications Consultant
Accra
President,
Ghana Association of Writers
PAWA House, Accra
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