Friday 23 December 2011

All The King’s Men 2: Diplomats

This is the second part in a series about the inherent ineffectiveness of certain government positions and the need to democratise their functions for the good of the country. The first part can be read here.

The decisions that emerge from diplomatic negotiations differ all too often from what the majority of people would have preferred if they had had their say. Imagine if the people had been consulted with regard to major foreign policy decisions in the past. Imagine if the British people themselves had decided whether or not Blair’s findings warranted an invasion of Iraq, for example. One could imagine a very different outcome. In fact generally speaking, almost any decision to initiate war stems from the concentration of power, and would be rejected by the majority. In most situations, people would rather we just minded our own business.
The vast majority of diplomatic duties, being negotiations about peacekeeping, business and trade links and energy deals, international treaties, foreign embassies, visas and tourism etc, are almost entirely in the hands of specialist ambassadors and their teams of diplomats.

Diplomats collect and report information about the foreign country in which they are posted and give advice to the home country on how best to set foreign policy. They are then tasked with conveying the views of their home country’s government, in the best way possible, so that the host country might act in ways that please the home country’s interests. Without a doubt, diplomats are highly trained and highly skilled individuals. Over many years they have honed their diplomatic style and long term strategy, and the combination of knowledge and experience gives them unique capabilities in their job that should by no means be belittled.

However, even with such highly respected ‘experts’ at the helm, much of our foreign policy even nowadays is contrary to common sense, and would be significantly different if the majority of people had their say in the matter. You don’t need to be a specialist in Persian studies to realise that trying to gently persuade the Ayatollahs into quitting Iran’s nuclear ambitions is a waste of time, though it took the government long enough to come to its senses. You don’t need to have done extensive research about Israeli and Palestinian relations to understand that if Israel is in the UN, then Palestine should be too, regardless of whether or not negotiations are ongoing or if conflict will continue, which it inevitably will. You don’t need to be a tri-lingual European historian nor a Colonial and Commonwealth specialist to realise that in today’s globally interlinked economy, Britain has closer ties with Canada, Australia and India than it does with Germany, Italy and Poland, and that spending a lot of time, money and effort on EU integration might just be a bit narrow-minded.

In fact, the high specialisation and specific expertise that these diplomats possess, and the fact that they spend so much time abroad and in the company of other diplomats, may actually impair their understanding of Britain’s true interests. Even in today’s twenty first century, with internet and TV allowing millions of people to take part in worldwide debates, our foreign policy is frequently misunderstood. So what changes need to be made to better align foreign policy decisions with public opinion?

Tuesday 13 December 2011

The Case For Regulation: How To Tame The Banking Sector



Deregulation of the financial sector is widely accepted as one of the contributors to the recent banking crisis that reached a peak in 2008. The repeal of the Glass-Steagall Act in 1999 permitted the formation of one-stop super banks. Many institutions held and traded enormous portfolios of complex financial securities, the risks of which were not even sufficiently understood, let alone adequately provided for. During this time there was a degree of uncertainty between the FSA and the Bank of England over whose responsibility it was to regulate the banks. Things got out of hand. 

Then again, over-regulation was also a contributing factor. As explained in more detail in a previous article, the government’s involvement in the banking sector to guarantee deposits for individuals, and the central bank’s involvement as a lender of last resort, creates an environment which incentivises excessive lending and debt creation.

However o
ne weighs up the factors, it is generally accepted that the banking industry will always require regulation, or at least for some time to come, and many urge that strict rules should be put in place as soon as possible to prevent any of the calamities of the financial crisis from reoccurring. 

This article discusses the merits and limitations of the new bank regulations proposed in the UK and gives some thoughts about an alternative solution. 

Thursday 8 December 2011

Uprising

All bore witness this year to the unstoppable power of the people. From the moment that Mohamed Bouazizi set himself ablaze in Tunisia last December, after protesting against police corruption and his personal mistreatment and denial of basic rights, a wave of unrest spread around the Arab world in attempts to bring about an end to their autocratic governments. Several other martyrs imitated Bouazizi’s act of self immolation. Many demonstrations escalated into violent rioting. Protest became full scale revolution. 

The rulers in Tunisia and Egypt were overthrown and a bloody civil war brought about the downfall of the regime in Libya. Sustained protests, civil disorder and governmental reform announcements have also taken place in various forms, and to varying degrees, in Syria, Yemen, Algeria, Morocco, Oman, Lebanon, Jordan and Kuwait.

Each and every country is unique, but the actions of the people involved were, on the whole, motivated through a desire to end human rights violations, government corruption, and the concentration of wealth and power among a small aristocracy. Most feel that this can be best achieved by replacing their longstanding dictatorships or absolute monarchies with a more democratic government.

The stalwart determination of the people in the Middle East, and the way in which the movement inspired neighbouring nations to break their silence and join the revolution, sent a message to the whole world, reminding us that the thirst for individual liberty and justice is shared by all mankind, and even under the most suppressive of regimes, the people will, in the end, rise up and demand that power be rebalanced to reflect the views of the majority. This message was followed by a joint response from the western nations, expressing solidarity and empathy for the revolutionaries and a unified international consensus that the unwanted dictators should either lead a transition to a more democratic rule, or get out of the way. We in the west went through these same struggles for freedom in around the 17th and 18th centuries, and many lives were sacrificed in order to establish a government for the people, by the people. 


Of course, every nation is different, and each will establish its own freedoms in its own way at its own pace. Such a move must ultimately come from the people who are directly involved, and not through international interference. Many peoples around the planet still seek the basic freedoms that we here in the west take for granted.

We can certainly say that democracy is much more popular than it was, say 300 years ago, and that the technology and ease of communication we have today makes it also much more feasible. However, democracy is not something that once attained is guaranteed. A wise man once said that ‘every genera
tion must wage a new war for freedom against new forces which seek through new devices to enslave mankind.’ We can but speculate as to where, when and in what form the next push for democracy will be.