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The EU…based on democracy, human rights, accountability and transparency

The council of the European Union had a debate today on the external action service. As I was reading the report, one section caught my eye: “EU support for democratic governance” of nation states around the world. These were some of the points outlined:

  • The EU’s support should be based on a rights based approach,
    encompassing all human rights, and the principles of participation, non-discrimination,
    accountability and transparency.

  • The Council underlines that better use should be made of the wealth of experience the EU
    has accumulated in the area of democratic transition

Wow, this is alarming considering that the core structure of the EU does not encompass all human rights (particularly some UK rights that are overruled by the ECHR), is not fully democratic, and is certainly not transparent! Where are those accounts that should have been signed off for the past 19 years?

Here is some more text from the report:

  • Notwithstanding the partner country’s needs and the commitment of the EU to provide
    predictable funding, the Council notes that elements of an incentive based approach can stimulate progress and results in democratic governance.

  • The Council also notes that while financial incentives are not sufficient to trigger democratic reforms, an incentive-based approach works best when a critical mass of funding is available in order to generate significant impact and results, and where allocations form part of a broader strategy of EU engagement.

So basically the EU are going to do more of what they are already doing which is wasting millions on trying to persuade nations around the world to become more democratic, even though they acknowledge that financial incentives don’t actually work!

The report can be found here.

ps. The president of the council is non other than Catherine Ashton, who incidently has never been democratically voted for in her entire life.

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When will it become illegal for politicians to print money

If politicians are allowed to print money to cheat the system, why are we not? Over the past 50 years, it seems as though people have forgotten how economies function. Some economies do well and prosper, some economies do badly and fail. If it fails, the politicians must answer to their citizens why they got it wrong and they should be accountable for their actions.

If this natural process is interrupted by printing money from thin air to postpone an upcoming crisis then no one learns the lesson. Here are some examples of how money in circulation has increased dramatically over the past 30 odd years:

The US:

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The UK:

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The eurozone:

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Japan:

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China:

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India:

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and some fun cartoons:

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