Wednesday, 30 December 2009

The Risks of Denying Democracy

The devaluation of sterling by 30% is far too little.  Sterling is coming down from a ridiculous high achieved for wholly political, vote-getting purposes.   Angels write from among those who sold up just about everything to get out at 1.68 - even 1.70-something for a brief moment, if memory serves.  What was left behind was left for a mixture of nostalgia, hope, and insurance.

Well, none of those are worth the risk any more.  Not because England is in dire economic straits; not because there are  catastrophic levels of political uncertainty; but because England is telling lies.

Lies about its debt levels, lies about its de-industrialisation and the collapse of its manufacturing sector, lies about its workforce and its workforce skills,  lies about its social provision, lies about pension claims,  lies about its energy security, lies about its allegiances, lies about its intentions, lies about its governing capacities, lies about its democracy.

Once a sovereign state is issuing lies on all fronts and at every level, through every means its rulers can control, cajole, influence, and buy,  then the steady and relatively discreet departure of wealth, unwilling to accept the veracity of this representation of the fundamentals, becomes a public run on the country. 

A demonstration of political maturity and democratic stability in the form of a general election, right now,  producing an elected government set upon correcting the lies and coping with debt and public expenditure splurging and misdirection is essential.  Brown might think he can go on fobbing off the rest of the world,  go on 'being in charge' but who is willing, as opposed to being forced by their own powerlessness,  to wait longer?  To wait until the last possible shred of legality and democratic hope has been expended.

An election must be now or it might as well be never.

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