EU budget and their absurd ways of spending

[Aunt Hilda]

The problem with capitalism and democracy in combination is that the phenomenon results in a cult of mediocrity, in which average non-exceptional people are rendered masters.

Putting one's faith in the hands of democratic capitalism is akin to allowing your average uneducated Joe to operate a nuclear reactor, because he is a popular and sort of nice guy.

can you think of something better? the way I understand it the alternatives to democracy are worse since without it people with opposing views are rendered obsolete

[finþaų]

can you think of something better? the way I understand it the alternatives to democracy are worse since without it people with opposing views are rendered obsolete

As a matter of fact, I can. Meritocratic aristocracy would be a much better alternative.

[Superbia]

Since universal suffrage and by association full-on mercantocracy.

Don't forget "civil society" with its cult of "individual freedom"

[Superbia]

The problem with capitalism and democracy in combination is that the phenomenon results in a cult of mediocrity, in which average non-exceptional people are rendered masters.

Putting one's faith in the hands of democratic capitalism is akin to allowing your average uneducated Joe to operate a nuclear reactor, because he is a popular and sort of nice guy.

Couldn't have said it better.

Migla, you can't separate the technical aspect of global capitalism from its social, political and economical fundaments. And those fundaments have been just stated in the quote above.

[Aunt Hilda]

As a matter of fact, I can. Meritocratic aristocracy would be a much better alternative.

just sounds like a recipe for disaster to me. Allowing only a select group of people to hold power over the government is naive. It doesn't matter how well achieved an individual is in his own field. He/she would have their own aims and those aims wont always be good for society. Besides, One select group would be a lot easier to manipulate

Couldn't have said it better.

Migla, you can't separate the technical aspect of global capitalism from its social, political and economical fundaments. And those fundaments have been just stated in the quote above.

I can if I disagree what the outcomes of Democratic capitalism are

[Aunt Hilda]

As a matter of fact, I can. Meritocratic aristocracy would be a much better alternative.

the irony in your comment is that most experts think that EU must become a Federation, but most of us would agree that such a notion is not the way we want to go. Do you see now why democracy is better

[Aunt Hilda]

Nigel Farage about EU budget;
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Sorry about the triple post, but I had to say this

This might appeal to a 14 year old yob, but how on earth does any adult person accept this as UK representation in the European Parliament? Farage uses the language of a 'shock jock' radio presenter not a serious politician. If this kind of behavior appeals to the average Briton then it's hardly surprising that serious consideration is being given to suspension of the UK's voting rights. When have you EVER seen another respectable politician behave like a thug admonishing and boasting in a playground.

Beware Britain, if the EU wins Case T-45/12 (bought by the UK against ECB plans to stop large counter-party trades taking place outside the eurozone) then the City of London is doomed. The sole reason for American banks being in the City is to gain access to the EU - that folks is why the Obama slapped down the UK because of its petulant behavior and press. If the UK leaves the EU, or gets suspended under rules allowed by the Lisbon treaty, then the big banks will move out of London and into Paris and Bonn.

The EU of course has every right to ensure banks are regulated properly and that won't happen if they stay in the UK which has the most lax laws of any major financial centre. As an example check the re-hypothecation rules which the SEC limits to 140% of assets held as collateral, in the UK there are no limits! And we all know the UK is the centre for tax evasion.
Add in the recent fines against corrupt UK banks like Barclays, RBS and HSBC and you will find the City gets what it deserves and sadly the average brit gets to watch the UK fall several more places on the GDP table. How many of you for example know the UK is now at number 22 on the GPD list!!!

I made my case feel free to criticise me if you wish