Democracy? Forget About It…

‘They say we have violated international law. At least they remember about international law – better late than never.’
– Vladimir Putin talking about US and the West

Once again, world politics dominate the news. The Crimea drama is over…finished…done. The Russians did what you would expect. So did the Crimeans.

Crimea has voted overwhelmingly to join Russia. And the markets seem to be celebrating. The US stock market, as measured by the Dow, rose. Gold – the antidote to crises of all sorts – dropped.

We promised a second foray into the time that land forgot – that dark future where things that couldn’t go on forever finally stop. The question on the table yesterday was ‘when’. We had no answer to it.

The question today is ‘how’…about which we have more to say…so much that we will have to leave it until tomorrow. Instead, we will riff on world politics…about which we know even less than we know about economics!

The people of Crimea have spoken, at least according to what they claim to be fair referendum results (although the EU and the US dispute them). Naturally, the defenders of democracy are appalled. The LA Times reports:

In the most direct East-West confrontation since the Cold War, the White House and the European Union imposed sanctions against more than two dozen Russian and Ukrainian officials Monday and threatened more penalties if Moscow does not back down in Crimea. However, Russian President Vladimir Putin issued a decree that recognized Crimea as "sovereign and independent" after Sunday’s overwhelming vote there in favor of secession from Ukraine.

CNN continues:

Vice President Joe Biden, meeting with Polish Prime Minister Donald Tusk Tuesday, accused Russia’s leaders of “a brazen, brazen military incursion” and said NATO would “emerge from this crisis stronger and more unified than ever.”

UK Foreign Secretary William Hague, speaking in the British House of Commons Tuesday, said Russia was “choosing the route of isolation, denying the citizens of his own country and of Crimea partnership with the international community.”

Hague also warned of “a grave danger of a provocation elsewhere in Ukraine that becomes a pretext for further military escalation.” German Chancellor Angela Merkel said the “so-called referendum” and the acceptance of Crimea to the Russian Federation was in violation of international law.

Why are folks in the West so animated? Isn’t the principle of self-determination enshrined in the Declaration of Independence…and wasn’t it repeated in the setup documents for the League of Nations…as well as the United Nations?

Isn’t the right of people to decide for themselves by whom they will be misgoverned the sacred foundation stone of democracy?

Oh, dear reader, sometimes you surprise us. ‘Self-determination’ has always been convenient BS. It is only handy when you have the guns to back it up. Otherwise, it is just air.

America’s greatest and bloodiest war – the War Between the States – proved it. You can talk about democracy all you want; but when push comes to shove, the pushers always shove you around.

Compare Putin with Lincoln. Putin invaded Crimea, where people overwhelmingly wanted him to come. Lincoln invaded Virginia, where no one wanted him.

As far as we know, Putin’s men didn’t fire a shot. Lincoln’s troops shot at everything that moved. By the time they were finished, one out of four white men of fighting age in the South was dead.

And then, after the troops were firmly in control of their prize, do you remember Lincoln offering the South a chance to vote on whether they wanted to rejoin the North?

And where was the declaration that the South was sovereign and independent? We must have missed it.

Nobody really gives a damn about democracy or self-determination. And perhaps for good reason. Alexander Boot in Britain’s Daily Mail:

According to Freedom House the world didn’t boast a single democracy in 1900. However, in 2007 there were supposed to be 123 democracies out of 192 existing countries…

As the shift from zero to 123 occurred in the 20th century, then, according to democracy worshippers, it ought to be regarded as the sunniest period ever. Instead, somewhere between 400 and 500 million people died violent deaths at the time – more than in all the other centuries of recorded history combined.

Moreover, some of the most horrific massacres ensued after failed attempts to implant the saplings of one-man-one-vote democracy into a soil all too ready to reject them. Russia and Germany spring to mind, but then you can name your own examples from just about every continent.

Woodrow Wilson, one of the neocons’ icons, dragged America into the First World War under the slogan of "making the world safe for democracy." The principal warring parties were perplexed, considering that France was already a republic, Britain a constitutional democracy with a fine parliamentary tradition, while Germany, Austria and even Russia had functioning parliaments, even though the last had been struggling to come to terms with it. And all those parliaments craved war.

Regards,

Bill Bonner
for Markets and Money

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Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America's most respected authorities.

Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and MoneyDice Have No Memory: Big Bets & Bad Economics from Paris to the Pampas, the newest book from Bill Bonner, is the definitive compendium of Bill's daily reckonings from more than a decade: 1999-2010. 

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1 Comment on "Democracy? Forget About It…"

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slewie the pi-rat
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speaking of ‘democracy’, i would now say that there has been a coup d’etat in Libya. the lawful term of both Dr. Z’s government and the Congress expired ~Feb. 7, 2014. since then, both ‘parties’ [PM Dr. Z and President of Congress Abu Sahmain] met with John Kerry in Rome ~March 6, 2014, and, upon returning to Libya, the Parliament ousted the PM, making the Defense Minister ‘acting PM’: “Zeidan, weak and indecisive, has been temporarily replaced by Defence Minister Abdallah al-Thini, who is also weak and indecisive and was never obeyed by the Chief of Staff on whom he… Read more »
wpDiscuz
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