One of the aims of globalisation was to separate politics from economics, and yet in practice it has merely reduced the political to a slave-status, servicing the dictatorship of the global marketplace. The Economy, the economic world and its institutions, are not chosen by the people – the polis is for politics. Given free rein, the market will transcend politics, creating its own cultures that are totally at the mercy of Wealth. The creation of global, macro-economics is, therefore, an immaculate fraud against democracy and freedom. The logic of the fraud being that: in order to create a firm and unquestionable dictatorship, the people should firstly be given the illusion of democracy by allowing them to vote for their local and state governments while, at the same time, shackling those same governments to the dictates of the world market place. As such, no matter who the people elect for their governors, it can have no effect on the will of the market. What pushes wealth unto the wealthy is the economy, not the parliaments, and the polis are never asked to vote for any of globalisation’s economic institutions, even though the World Bank and the IMF are the real forces shaping our lives.
Without control of the economy, the life-blood of the State (money) is also pushed out of the realm of political control. The politicians try to put on a brave face, but even the neo-liberal parties are made to look like helpless buffoons before their electorates when the power that really runs the economy (Wealth) decides to get tough and make sure everything is flowing completely in its own favour. Local anger is vented at the local government – the economic regime is too abstract, or too distant. After all, how can it govern us if we didn’t vote for it?
Democracy melts away. There is no democracy at all. We didn’t vote for those who make decisions now. We all live in one huge global dictatorship.
It does not matter what the international financing institutions do or might do, whatever is done is carried out without any democratic mandate. Yet, they can do whatever they like. And though they may assure themselves that they are acting responsibly they are still acting without our blessings, and operating behind our backs.