Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, March 03, 2012

Step one in Canada’s quest for world domination

is to take over Iceland:
For 150 years, no country has expressed interest in adopting the Canadian dollar — the poor cousin to the coveted greenback. But now tiny Iceland, still reeling from the aftershocks of the devastating collapse of its banks in 2008, is looking longingly to the loonie as the salvation from wild economic gyrations and suffocating capital controls.
More seriously, Iceland wouldn’t be the first country to unilaterally adopt another country’s currency: Ecuador abandoned the sucre and adopted the U.S. dollar in 2000 (which not only restored financial stability, but turned the tiny country into a soccer powerhouse). And it’s hard to see why Canada would mind. The danger for Iceland is that it hands over control of its monetary policy to another country’s central bank. As we’ve seen with the euro, that doesn’t always end well.

Original Article
Source: washington post
Author: Brad Plumer 
Topics: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)