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Old May 6th, 2016 #1
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Post Rebuilding the EU or breaking free from it? The powers that be continue to defend ferociously a Frankenstein-like creation, a playground for financial vultures.

The European debt crisis of 2010, which still has many peripheral nations in its grip and has led to what appears to be a permanent state of fiscal austerity, has exposed to the world the highly flawed and dangerous architecture of the European Monetary Union and the anti-democratic nature of European Union institutions.

Still, the powers that be continue to defend ferociously a Frankenstein's monster-like creation, a playground for financial vultures, while progressive voices and otherwise critical Europeanists call for the rebuilding of Europe as they fear that, without reforms, the European integration project faces potential collapse, which will lead in turn to the resurgence of old national rivalries across the continent and social chaos inside many national formations.

This is the logic that gave rise to DIEM25, a pan-European movement founded by former Greek Finance Minister Yanis Varoufakis, and somewhat similar concerns seem to be guiding the undertaking of an international conference entitled The Future of Europe, held on April 26-27 in the city of Thessaloniki, Greece, with former German Finance Minister Oskar Lafontaine as a keynote speaker.

The future of democracy

However, for those who are truly concerned about the future of democracy, labour rights, and national sovereignty, the critical question should not be how to rebuild the EU, but how to break free from it.

READ MORE: Greece and the swansong of the nation-state

Following the end of World War II, certain visionary leaders in France and Germany were determined to create structures and institutions beyond the nation-state to ensure that Europeans would put an end to their favourite practice of sorting out their national differences by engaging in bloody warfare.

This is why the European Economic Community was created by the Treaty of Rome of 1957. It had a noble undertaking, and one that managed to built solid alliances among historical enemies that have lasted longer than any other time in European history, although other factors, such as the Cold War, the founding of NATO, and the development of nuclear weapons played a significant role in the long period of peace that ensued in Europe since the end of the war.

Be that as it may, the establishment of the European Economic Community evolved in time into something beyond a regional trade regime based on respect of democracy, national sovereignty and social rights: it was transformed into a corporate entity driven by a relentless desire to subjugate labour to the whims of global capital through the hijacking of the state by a global neoliberal elite and the transfer of actual political power from the demos to non-elected officials in Brussels and Frankfurt.

Under this imperial setting, the protection of the euro as a global currency is the chief objective of the European elite, while authoritarian neoliberalism reigns supreme and the politics of identity and multiculturalism have replaced universal values.

Today's EU i

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read full article at source: http://www.aljazeera.com/indepth/opi...064426541.html
 
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