I am halfway through Yanis Varoufakis’ new book “Adults in the Room”.
What I am seeing is the more or less complete subservience of democratically elected officials to unelected financial concerns - in the case of Europe, the European Commission bowing and scrapping to their real masters, the European Central Bank and the International Monetary Fund.
Obviously this is also the case here in North America, and if Bernie Sanders is correct - around the world.
Meaningful democracy is going - financial, pathological neoliberal capitalism is in the ascendant - for now.
This is augmented by considerable convergent lines of evidence, I think necessary as the field on finance is now so complex even its inventors are no longer in charge.
Jeffrey Sachs of Columbia University and the United Nations was 100 percent on side with Yanis Varoufakis, as was the economist James Galbraith.
Thomas Piketty has alerted us to “Capital in the Twenty-First Century”, and Paul Krugman and Joseph Stiglitz are in agreement, as I understand it.
Very very obviously, the only possible constraints on these financial monsters and soulless institutions, run by highly paid servants of the super-rich, are the political systems of the world and the supreme courts - both of which have come down decidedly and in writing and in legislation on the side of those same billionaires.
That leaves us defenceless - and threatened, as is Yanis Varoufakis, by the spectre of high treason, or in other cases, of whistle-blowing, etc… with the ever present prison for profit system waiting for yet more super cheap laborers.
So the situation is even more dire than this article suggests.
Look at Apple - and weep: