The whisper of fear is there. For some, it's a huge anxiety; for others, a mild nagging, a feeling that something is not quite right. This idea that the euro could collapse.
I am not immune to this fear. I do wonder what this would mean, in reality. Apocalyptic images of car-burning rioters alternate with a more mundane picture of German workers recalibrating cash machines for a new Deutschmark.
I blithely continue with my day-to-day. Then a deeper significance strikes me: We have become captives of the market.
Yeah, okay, that's nothing really new – just look at the last time you asked yourself if you work to live, or live to work. Or how corporate lobbyists influence politicians. But it could just be the case that this ongoing expansion of market power is infiltrating the government at unprecedented levels.
More specifically, the European Union is becoming a technocracy.
As published in Time, Papademos and Monti were installed to restore confidence in the economies of Greece and Italy.
“The markets had spoken, and they didn't like the idea of going to the electorate,” Stephan Faris wrote.
