Sunday, December 31, 2006

A Toast For 2007: To The Collapse of The EU!

Evil dictators commit genocide, but even benign ones cause human suffering by destroying wealth and liberty. Fortunately all dictatorships are unstable, and in 2007 the Euro is quite likely to collapse, taking the benign dictatorship of the EU with it.

Winston Churchill's famous words in 1947 addressed benign dictatorships:
We accept in the fullest sense of the word the settled and persistent will of the people. All this idea of a group of supermen and super-planners, such as we see before us, “playing the angel,” as the French call it, and making the masses of the people do what they think is good for them, without any check or correction, is a violation of democracy.

Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time; but there is the broad feeling in our country that the people should rule, continuously rule, and that public opinion, expressed by all constitutional means, should shape, guide, and control the actions of Ministers who are their servants and not their masters.
The subsequent failure of communist and socialist economies (including that of the Brits) confirmed his analysis.

But the local petty dictators were replaced by the continent-wide dictatorship of the EU - 80% of Brit laws are now imposed by corrupt, statist and unchecked EU bureaucrats, who are fast destroying Brit freedoms built on centuries of incremental economic and social improvement.

Still, the EU's "angels" are just as fallible as their predecessors, and the only glue left holding their institution together is the Euro. That grand project is now hated by a majority in all the big nations using it - Germany, France and Italy. That's because it has made them poorer, and without democratic support, it's bound to collapse like the Soviet ruble block.

For a variety of reasons, currency collapses are never predicted by the markets and so the Euro blowup could come any time.

So Brits should raise their glasses tonight to drink to an EU-free 2007.