Monday, March 04, 2013

This cap on bankers’ bonuses is like a dead cat – pure distraction...

To understand what has happened in Europe in the last week, we must borrow from the rich and fruity vocabulary of Australian political analysis. Let us suppose you are losing an argument. The facts are overwhelmingly against you, and the more people focus on the reality the worse it is for you and your case. Your best bet in these circumstances is to perform a manoeuvre that a great campaigner describes as “throwing a dead cat on the table, mate”.

That is because there is one thing that is absolutely certain about throwing a dead cat on the dining room table – and I don’t mean that people will be outraged, alarmed, disgusted. That is true, but irrelevant. The key point, says my Australian friend, is that everyone will shout “Jeez, mate, there’s a dead cat on the table!”; in other words they will be talking about the dead cat, the thing you want them to talk about, and they will not be talking about the issue that has been causing you so much grief.

That is exactly what Brussels has done with this recent gambit to cap bankers’ bonuses. Look around Europe and you can see the continuing catastrophe of the single currency, an ideological project that most Europarliamentarians and most of the EU establishment continues to support with vengeful fervour. Full story...

Related posts:
  1. The EU is a ball and chain – we should unshackle ourselves...
  2. The largest economy in the world is imploding right in front of our eyes...
  3. The European Union & Soviet Union similarities...
  4. Nigel Farage destroys Barroso's State of the European Union...
  5. Why the European Union has failed...
  6. (ESM) or The shocking truth of fascist Europe...
  7. The EU dream has turned into a nightmare...

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