John Ransom

Man’s conquest of Nature, if the dreams of some scientific planners are realized, means the rule of a few hundreds of men over billions upon billions of men.- C.S. Lewis, The Abolition of Man

In Greece and Italy two unelected prime ministers, with banking backgrounds similar to members of our own government, swore to rescue their countries for the Euro.

Yeah, that worked out great, didn’t it?

Liberty, Fraternity and Currency!

And they "saved" their countries by bringing to bear the expertise of every “non elected pipe smoking and tweed wearing university don,” in the Daily Mail’s derisive phrase, to tackle the problem of the Great European Society- which, incidentally, was created by a bunch of non elected, pipe smoking and tweed wearing academics stuck in the 1960s.    

In Italy, Mario Monti of Yale University, the European Commission, the Trilateral Commission and the Bilderberg Group formed a government of “technocrats” who, like members of Obama’s administration, contains a number of high academic degrees; that has tons of experience in government bureaucracies, but offers little else.

They formed a government of so-called “government financial experts.” In short, they were the technocrats who thought up the debt scheme that now hangs around the neck of the world.  

Monti’s cabinet had no elected officials.

Oh, this should work out well, I said as I covered my eyes.  

“Monti gave few hints about his political program Wednesday,” reported the Associated Press, at the time.

“Explaining why his Cabinet had no one from Italy's fractious political parties, Monti said he decided after talks with party leaders ‘that the non-presence of politicians in the government would help it.’"

Yet later he observed that “I hope that, governing well, we can make a contribution to the calming and the cohesion of the political forces."

Yes, nothing like an Italian dictatorship of technocrats to calm the political forces.

It's really worked out too. Nothing is calm two years later as thre technocrats gave up power to a centre-right-left coalition:

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.