We are indebted to Michel Foucault for identifying, in his January 1979 Collège de France lecture (The birth of bio-politics), the originality of this school of liberalism, which makes constitutional regulation and judges the levers and principle guarantors of the construction of a political order founded on a strict respect for economic freedom and free competition.Bio-politics. Whatever, Spanky. On planet earth, we call this mental masturbation. What they’re calling “Liberalism” was identified long before 1979.
To that end, they desperately try to understand the world around them that they’ve been ignoring for decades, the dead secular Gods of nationalist-socialist mythology are being dredged up in this case to explain Angela Merkel’s views on European economics. It’s as if using big names mean that they know enough to appear to be correcting her. After all, she’s though to have all the money that these finger-wagging
Why would they then not resort to this tortured explanation of the lack of EU level legal empowerment of the ECB in the way the US Federal Reserve can act. Hence, they go hat-in-hand to Berlin, and the illiterates at Libé think this is some sort of dark art for reasons that their dyspeptic leftist frustrations with the lack of dictatorial control in their favor can’t digest.
Her direction has once again confirmed the precarious status of political legitimacy in the European Union: the credibility of the euro cannot be safeguarded by apolitical measures alone.Further to the sick penchant to claim by identification, other miscellaneous vilified historical characters are used. This is meant to lend some veneer of accuracy and intelligence to the specious practice of thinking that you’ve just named things for the first time because you didn’t think they existed before, at least not in the low-altitude the left orbits in.
This is not a Bismarckian policy, as Arnaud Montebourg has so awkardly asserted, but one that is based on one of the most well-established schools of liberal thought, “ordoliberalism”, which emerged between the wars in Germany and was popularised in the postwar period as “the social market economy” by the influential Christian-Democrat Ludwig Erhard, who was Minister of Economics from 1949 to 1963 and Federal Chancellor from 1963 to 1966.Otto von Bismark could not be reached for comment.