January 16, 2014

Failing Elites Threaten Global Stability

Martin Wolf, Financial Times

The Associated Press

The failures of Europe’s political, economic and intellectual elites created the disaster that befell their peoples between 1914 and 1945. Their ignorance and prejudices allowed catastrophe: false ideas and bad values were at work. These included the atavistic belief, not just that empires were magnificent and profitable, but that war was glorious and controllable. It was as if a will to collective suicide seized the leaders of great nations.

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TAGGED: Japan, China, Eurozone, Great Recession, United States, Europe

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