As EU Fails, Anarchy Meme Rears Its Ugly Head
EU Risks Moment of Anarchy, Chaos, Breakdown .... George Magnus, a senior economic adviser at UBS AG, discusses the risks facing Europe after the European Central Bank cut funding to Greece's banks. He talks with Maryam Nemazee on Bloomberg Television. – Bloomberg
Dominant Social Theme: Fear anarchy and trust in government.
Free-Market Analysis: Here is a question. What does anarchy mean? In dictionary definitions, it often means (primarily) "lack of government." Secondarily, it means lawlessness or political disorder.
But this secondary definition would seem to stem from the primary one – a lack of government.
So why do so many otherwise intelligent individuals equate a lack of government with lawlessness, especially pundits on the right that espouse free-market thinking generally?
These individuals over and over proclaim the superiority of the free market but then – in the context for instance of the foundering of the European Union – equate the failure of this most corrupt institution with a kind of social Armageddon.
We can see this confusion during this interview with the eminent George Magnus who predicts "anarchy" in this video around 7:12 were the European Union (or euro) to fail.
Here is a bit of his bio from The Globalist ("how the world really hangs together"):
George Magnus is the Senior Economic Adviser to UBS Investment Bank, based in London. He has served in this role since 2004, after being the bank's Chief Economist from 1997 onward. Prior to this, Mr. Magnus had been the Chief Economist at SG Warburg from 1987 to 1995, and then became the Chief International Economist at UBS. Previously, he had worked at other major U.K. and U.S. banks.
Surely Magnus must know the EU is so corrupt its books have not been approved by a major accounting firm for nearly a decade now.
He must know that the EU is a profoundly anti-democratic institution that harbingers a kind of neo-Charlemagne's empire for its 300 million – a population reeling from the current failures of the EU and the euro.
He must know that the euro as it is constituted doesn't work and that a closer union, improbable as that is, will only exacerbate the current agony.
None of this comes through in this interview. Instead, he falls back on the dated and hackneyed "anarchy" to describe what he fears will come to pass. How can someone so educated use the word in this fashion, with all it entails and implies?
But when it comes to abusing the word "anarchy," the meme builds. It is a favorite dominant social theme of the elites that want to build one-world government and rely on mercantilism to do so.
The last time the word was in vogue was in the 1930s – a time when the elites were inflicting the kind of chaos, economic failure and war on the world that they seemingly are right now.
The idea was to blame an upsurge of violence on "anarchists" and other anti-government activism, even though in such a day and age as this one, government often acts as a kind of organized crime family.
So it's probably no coincidence that we've noted the increased use of this word, also as it pertains to violent acts at various protests around the world.
We're fairly convinced at the same time that there is not a great big movement of violent, black-masked anarchists in the world. It's been proven over and over that police – especially Western police – mask themselves and perform violent acts at these demos to demonize protestors.
The mainstream media then identifies such individuals as "anarchists." People like Magnus should know better. Unless, of course, his use of the word is deliberate.
(Video from Bloomberg's YouTube user channel.)