WSJ via https://archive.ph/xlwD7
Finding this a curious oped, published in WSJ, from Liz Truss.
I don’t dispute the existence of a deep state. Her oped includes a a good description of the existence of the deep state and the problems it brings – “shift of power away from democratically accountable officeholders to unelected bureaucrats and technocrats.”
The EU is an extreme example of this type of deep state apparatus running rough shod over nation states and their elected leadership- But the US and Canada have their own share of embedded bureaucrats and technocrats. Seeing Mark Carney everywhere is a perfect example of the kind of technocrat wielding power/given a mass audience for no apparent reason
We’ll read the last few paragraphs, but, the entire piece should be read
Unelected bureaucrats caused this market turmoil, but elected representatives were blamed. Neither I nor Chancellor Kwasi Kwarteng had been given any warning before the liability-driven investment fund situation blew up. When the Bank of England announced it would buy gilts to support the pension funds—a move that everyone knew would prompt investors to unload their government bonds—I knew they had me at gunpoint. We had to ditch our program or risk a market meltdown that would leave the government unable to finance its debt. There should be an independent investigation into what happened, but the establishment would never allow it.
The U.S. economic establishment already is arming against Mr. Trump and his economic program. After the disaster of Bidenomics—with its ballooning subsidies, tax hikes, burdensome regulation and more than $34.6 trillion of debt—a program of supply-side measures like oil and gas exploration, spending cuts and tax reform is desperately needed. In March, CBO Director Phillip Swagel explicitly warned that the mounting U.S. fiscal burden threatened a crisis of the kind that brought me down. Corporate borrowers are also reportedly preparing for market volatility.
Jamie Dimon of JPMorgan has warned the federal debt is pushing the economy toward a financial cliff. This isn’t a fight only to return to fiscal responsibility, but also to return power to the people’s elected representatives. My Republican friends must be ready for the fight of their lives.
While railing against the technocracy she quotes Jamie Dimon of JP Morgan- A technocrat, with in the bureaucracy she claims is threatening democracy–
Thoughts?
One reply on “Liz Truss: The Deep State Lies in Wait for Trump”
I read it. It just makes me think of the TV-series “Yes Minister” and “Yes Prime Minister”. So its sounds like business as always to me. The reality of the situation is not hidden, its just not appreciated by the majority of the public.