A Giant Pension Fund

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no longer willing or able successfully to compete in the rough and tumble of electoral politics, and enables them to hang on to influence and power long after they have been rejected at the polls; and it acts as a potential fortress against the winds of competition that are now blowing from all over the world, and that are deeply unsettling to people who desire security above all else.

The rest of the article is the usual Dalrymplean gloom about the decline of Europe.

Comments

  1. dearieme Avatar
    dearieme

    It’s got a lot to do with the price of fish.

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