Soros is right

Bloody hell Bill! Have you gone over to the dark side?

Actually no, but this money quote comes from arch villain and Hedge fund manager George Soros. Seen in this morning’s Financial Times (Behind subscriber paywall) “The EU is in an existential crisis. Everything that could go wrong has gone wrong,” He has been quoted as saying. “it needs to reinvent itself.” Well bless my soul! This is something a lot of Brexiteers have been saying for a long time. Indeed the push to ‘ever closer union’ has been the prime mover behind the UK’s push to exit the EU. As a pan-European trading bloc the idea of a United Europe has merit, but as a political entity, no. Europe’s regional cultures are too diverse for that.

He points out that the Euro is a ‘problem’. Well, no shit Sherlock. He also points out the need for the top down governance of the EU to ‘engage’ with the grass roots. This too is a case of stating the bleedin’ obvious. Hashtag hefinallygetsit. Because the EU as currently structured is an unaccountable top down model that tries to force a series of one size fits all policies on places that are very different, even incompatible. Like say London and Yorkshire. Or Paris and the rest of France. Or Berlin and say, Bavaria. Or Ottawa and the rest of Canada. If you’ve visited both country and city in various countries and spent serious time there you’ll understand exactly what I’m talking about.

Side note: what form of ‘engagement’ he’s talking about, at least from the article, isn’t clear. Maybe it’s a case of “Shut up peasants, we’ll tell you what to think.” Which ain’t democracy. Indeed it’s the very antithesis of the concept of citizen representation. The main problem is that these NGO’s tend to leech onto a minor issue and blow it up out of all proportion. Like with the EU, these institutions also need a serious downgrade.

What Soros omits to say is that a number of the NGO’s he funds are one source of the problems the EU is beset by. His Open Society Foundation, for example, acts as an enabler of the ‘migrant crisis’. Indeed it’s gotten to the point where Hungary and a number of ex-Warsaw pact Eastern European states / newer EU members are openly hostile to his various NGO’s manipulations. They think, and I’m inclined to agree with them, that he is part of the greater problem.

Of course Soros is not the only market manipulator who funds the offending NGO’s and pressure groups, he’s just the most publicly visible.

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