Organisations such as those mentioned above make up the systemic tissue. Far more than just a head of state, whose government team usually aims merely to see out a term of office with enough influence to stand for re-election. That is why these international organisations lie less than politicians, yet their high responsibility The international situation also prevents them from publicly painting a picture of the harsh reality of the situation.
In today’s globalised world, with its extremely serious financial problems, national governments are not up to the task and are merely playing a supporting role. And the best part is that they are fully aware of this, giving in de facto the overall management of the greatest crisis in the modern economy. In fact, politicians only appear in photos at high-profile summits and little else. The real governance of this global economic collapse is being carried out by: on the one hand, what we might call the major central banks (FED-ECB), the IMF (and perhaps some other economic governing body), second-tier central banks (BOJ, Official Gazette BNS); and on the other hand, the Obama team and the G20. The vast majority of finance ministers, with a few honourable and very rare exceptions, merely watch and learn (some do not even do that).
It is worth noting that politics plays a significant role in these governing bodies, which steer the planet de facto In such a critical global situation, it is minimal. The G20 is more of a framework for apparent decision-making through which the actions of the world’s financial elite are channelled. A mere (though, from the emerging economies’ perspective, extremely interesting) forum with a certain degree of influence. And I don’t think that’s entirely a bad thing, given the state of the political class, despite Sarkozy’s efforts to assume the role of statesman for the EU. Obviously Obama is the exception that proves the rule and the essential (though perhaps insufficient) dose of hope, as he and his political team seem to be the only ones capable of governing in a manner befitting the financial institutions. Perhaps this is because his team is largely made up of people from senior positions in the financial sector, and he has wisely set aside politics as we—those of us who do not lead the world—understand it. That is how it should be, at least during the parliamentary term in which the world fell apart.
If we were to try to govern with a collapsed financial system, we would do ourselves a great deal of harm. And although, hierarchically speaking, governments are supposed to lead the world, in times of crisis we have managed to relegate politicians to a secondary role. Perhaps this is to no one’s credit and they have simply been shown up. Some of you will say that the people have not elected those who de facto they’re steering the ship through a crisis, and that’s true. But the thing is The democracy we have managed to devise is not only unable to to exist without it Not only is it unable to support the system, but it is also incapable of sustaining it. Until we learn to create a form of democracy different from the one we know, it requires a system to underpin it and keep it safe. A system that has collapsed and must be rebuilt by great figures and specialists who will make history behind the scenes and whom, with a few exceptions, we would never find amongst the modern political class.