Sometimes it takes a while for problems to come out in the open. The European Union (EU) as well as the Euro are only remotely based upon democratic decisions. That view was held by politicial scientists for years but it is yet about to become the dominant view across Europe. Yesterday, Greek Prime Minister George Papandreou stunned Europe by announcing a referendum on the latest bailout. Just the idea to ask the people whether they support decisions made by European politicians caused heavy criticism across the political spectrum. Global stock markets fell and analystst were basically shocked.
Given this dismal state of democracy in Europe, Swedish artist Promoe’s lyric might have hit the nail on its head:
Notice that that’s the opposite of the standard view about democracy.
It’s a game for elites, it’s not for the ignorant masses.
Swiss Economist 