The meaning of authority
May 13, 2012
Authority dictates that which we socially agree must be accepted as a condition of freedom. We elect those who make the laws that authority is dictated to, if we elect a government that changes those laws then a different set of people may be marginalised. The current financial crisis is an inexcusable threat to progress and it is entirely due to a systemic corruption of the mechanisms of the system itself.
The indecisive democracy practised in Europe makes change occur in a different way than it does in the more rapidly decisive preference voting systems that expand the power to “vote against” a candidate by those who are not completely sure but certain they did not want one of the leading candidates. I can not advocate FPP however, but that is also produces a decisive result swiftly, it is a method of voting that is then able to change government and importantly give Government a continuity and direction. I say importantly – meaning that the lack of an ability to run things without new rules being made – is an important distinction between Government having authority and the state having authority. The rules are only being made by a Government when one is rightfully recognised as representing the will of the people. And look at their choices. People want a government that is not tied to the whim of the fanciful investor. They want a stable entity that will look after their pensions and provide purpose and ability to the young people who may otherwise be overlooked in a market driven economy if forced by it into menial tasks.
The British Conservative Liberal coalition attacked education and health as their way to save the UK from financial collapse and another financial institute is reduced by 13 billion dollars overnight due to action on the derivatives market (2 billion in actual loses) followed by share market reaction (far more lost in capital value, but that’s life).
Meantime Greece is having to democratically consider if being a slave economy in the Euro is preferable to breaking away from it and becoming measured purely on its own merits (maybe that would be a tougher but a more rewarding environment) as Governments in Europe continue to bail out banks that have run foul of the improbable mathematics of the derivatives market.
It allows speculative destruction of common wealth. The hoarding of it by individuals and hedge funds which strip the banks bare at any available opportunity. Why are we democratically deciding to fund these vipers?