One thing is clear in retrospect: governments under the influence of the powers of money were a huge mistake. In the early days of the United States of America, Jefferson fought for a republic of citizens, Hamilton, for a republic of merchants. Hamilton won, that much is known.
In the twentieth century, von Mises, von Hayek and their likes, drafted the charter of an irreversible takeover of nations by merchants, who would be the new aristocrats of a new feudal system. They did win, and then, the spirit of Hamilton invaded Europe. It would be cruel to recall the most conspicuous symbols of it in Great Britain, in France, and a few days ago only in Belgium.
The last stand of the citizens of Europe was the peoples’ refusal of the European Constitutional Treaty. By then, the takeover by money powers was already so advanced that the citizenry’s vote was simply ignored, to no immediate consequences.
The longer term consequences are being felt now: the euro zone is dying in an unending process with jolts and jerks, while her companion of misfortune, the United States of America, is in a fraudulent bankruptcy.
We need rebuilding nations of citizens; time has finally come to build a citizens’ Europe. We need to make sure that the merchants, who are given today the red carpet, no longer write the laws instead of legislators. Poll-tax based vote must go. In its advanced version, in the United States, a von Hayek-inspired Supreme Court decided that the vote of citizens would come after that of companies: “To each, according to one’s stash of money!”
Restoring republics of citizens, restoring a citizens’ Europe are uphill battles. But this republic of merchants is heading for ruin, this one thing is obvious. It is our main advantage.